NAB demerger and bond managers

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Question: What will be the effect of the CYBG demerger on National Australia Bank’s (NAB) share price when it trades ex-entitlement?

Answer (by Paul Rickard): The effect is, of course, theoretical and will depend on the value of the CYBG shares.

I understand that NAB is expecting to price these at around £1.75 to £2.35 per share.

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