Westpac (NAB) is set to raise $750m from retail investors through a hybrid securities issue. The hybrid shares pay a set interest rate and will qualify as Tier 1 capital for the bank. The NAB's $750m issue comes after similar moves from ANZ and National Australia Bank earlier this year.
National Australia Bank (NAB) is set to raise $750m from retail investors through a hybrid securities issue. The hybrid shares pay a set interest rate and will qualify as Tier 1 capital for the bank. The NAB's $750m issue comes after similar moves from ANZ and Westpac earlier this year.