Feb 2 (Reuters) - National Australia Bank Limited :
* Confirmed CYBG Plc demerger has become effective today and announced a short delay in launching expected Initial Public Offering
* IPO is expected to proceed, with the IPO multiple times covered at 180 pence per CYBG share from International and Australian investors
* Expects to announce the final pricing for the IPO on 3 February 2016.
* CYBG is expected to have a senior standalone investment grade credit rating
* NAB and CYBG have decided to delay finalisation of the IPO for 24 hours