CANBERRA: National Australia Bank has completed its $5.5 billion capital raising after selling more than 28 million shares overnight on Thursday.
The bank on Thursday announced retail investors had only taken up 72 per cent of the shares in its retail entitlement offer, forcing it to conduct a shortfall bookbuild.
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The shortfall bookbuild, which was carried out after the close of trade, saw the remaining 28.5 million shares sold.
