NAB Raises $1.8bn in Capital via DRP Underwriting and Share Plans
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National Australia Bank Limited ( (AU:NAB) ) has issued an announcement.
National Australia Bank has issued 22,948,164 new fully paid ordinary shares at $37.04 per share, raising approximately $1.8 billion in new Common Equity Tier 1 capital tied to its 2026 interim dividend. The capital raise includes about $850 million of shares issued under an underwriting agreement with Goldman Sachs Australia and roughly $958 million of shares allocated to participants in the Dividend Reinvestment Plan, plus $20 million in shares for the Bonus Share Plan.
The bank has confirmed that these shares were issued without a prospectus under statutory disclosure relief and that it remains compliant with key financial reporting and continuous disclosure obligations under the Corporations Act. NAB also stated there is no excluded information requiring disclosure, supporting transparency for investors and reinforcing its capital position while maintaining regulatory compliance.
The most recent analyst rating on (AU:NAB) stock is a Sell
with a A$34.50 price target.
To see the full list of analyst forecasts on National Australia Bank Limited stock,
see the AU:NAB Stock Forecast page.
More about National Australia Bank Limited
National Australia Bank Limited (NAB) is one of Australia’s major banking and financial services institutions, providing retail, business and institutional banking products. The bank focuses on lending, deposit-taking, wealth management and capital markets services across Australia and selected international markets.
Average Trading Volume: 6,330,239
Technical Sentiment Signal: Buy
Current Market Cap: A$115.8B
See more data about NAB stock on TipRanks’ Stock Analysis page.
