Baker McKenzie advised National Australia Bank Limited (NAB) as sole lead manager and as initial subscriber on the issue of A$50,000,000, 7.25% fixed rate unsecured notes, due 2022, by Afterpay, the ASX-listed retail technology company. Afterpay is a technology driven payments company comprising of Afterpay and Touch products and businesses, with currently approximately 1.8 million customers and over 14,000 retail merchants using Afterpay products.

Baker McKenzie lead partner on the transaction, Duncan McGrath, said: “It was a pleasure to work with NAB again on such a successful transaction which evidences the continued growth and the depth of the market.”

Lawyer Andrew Slucky and graduate Sarah Lee also acted on the transaction.

Duncan recently led a Baker McKenzie team in advising NAB as sole lead manager on the issue of A$41,200,000, 7% fixed rate secured notes, by Kooragang Island Tank Terminals.