Australia's National Wealth prices A$350 mln bond

SYDNEY, March 23 (Reuters) - National Wealth Management Holdings has priced a A$350 million ($321 million) three-year bond issue at 195 basis points over BBSW, a source who has seen the terms said on Tuesday.

The issue was lead managed by National Australia Bank (NAB).

Indicative pricing initially suggested around 200 basis points over BBSW.

The borrower, rated AA-minus by S&P, is owned by NAB, the nation's largest lender, and provides insurance and wealth management services.

(Reporting by Cecile Lefort)
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