National Australia Bank ( plc ) is set to raise $ 750 m from retail investors through a hybrid securities issue . The hybrid shares have a set interest rate and will act as tier 1 capital for the company . The bank 's $ 750 m issue comes after similar moves from ANZ and Westpac 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.