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
The chief of ANZ has shot back at critics of the bank’s new climate policies, insisting the largest impact the organisation can have is th...
RBA governor Philip Lowe has rebuffed former prime minister Paul Keating’s accusations of a lack of courage in the central bank’s COVID ...
Treasurer Josh Frydenberg has warned that while the recession might be over, the recovery isn’t – and that Australia still has a long wa...
Get notifications in real-time for staying up to date with content that matters to you.
Read More