NAB closes $1.5bn capital raising  

NAB closes $1.5bn capital raising  

National Australia Bank has finalised its Capital Notes 2 offer, raising nearly $1.5 billion in capital.

In a statement to investors, NAB said all valid applications had been accepted in full and that close to 15 million notes had been issued, each at a price of $100.

BNP Paribas received the greatest volume of notes – approximately 20 per cent of those issued – followed by HSBC Custody Nominees with 6 per cent.

The notes are expected to commence trading on the ASX at approximately 12pm, today Friday 8 July.

NAB's finalisation of the offer follows the similar success of Westpac earlier this week which announced it had raised $1.7 billion in capital through its own capital notes offer.


Read More:

S&P downgrades Australian outlook to 'negative'

Boutique takes stake in One Investment Group 

Robo-advice to reshape super funds

Gold price hits two-year high

June meeting showed US Fed's uncertainty

Related Articles


NAB closes $1.5bn capital raising  
investordaily image
ID logo
promoted stories


David Cullen

AMP appoints new group general counsel


Matt Brown

Australian Unity hires former ANZ Wealth exec


Deanne Stewart

First State Super announces new CEO



investordaily image

Corporate governance and advocacy in China

Therese Niklasson

Dug Higgins

The shifting LIC landscape

Dug Higgins

investordaily image

The perils of chasing niche infrastructure

Frithjof van Zyp