Aussie Bank To Raise A$2.75B For Acquisitions

22 Jul 2009

National Australia Bank plans to raise A$2.75 billion ($2.24 billion) in capital for acquisitions and another A$750 million ($611.7 million) for boost its balance sheet and raise its tier 1 capital ratio to 8.8%, well above its 7% target.

National Australia Bank plans to raise A$2.75 billion ($2.24 billion) in capital for acquisitions and another A$750 million ($611.7 million) for boost its balance sheet and raise its tier 1 capital ratio to 8.8%, well above its 7% target. NAB reportedly will not use any of the money ...

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