National Australia Bank share price ASX NAB

National Australia Bank (NAB)

Shares Graph
Our commentary:

23 Jul: National Australia Bank has announced plans to raise up to $2.75 billion in capital to offset bad loans, which rose to $1.064 billion in the June quarter. NAB will raise at least $2 billion via a fully underwritten institutional share placement at a price of at least $21.20 per share, as much as 10% below its last traded price $23.58. There will also be a retail offering to raise a further $750 million.

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