National Australia Bank has more than doubled the size of its share purchase plan offer after strong demand from its retail shareholders.
NAB is raising $750 million in capital in addition to its earlier target of $500 million to raise a total of $1.25 billion through the share purchase plan.
The lender in April raised $3 billion through an institutional share placement at $14.15 per share to provide a buffer against the coronavirus-driven economic downturn.