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Financials

National Australia Bank increases capital raising plan by A$750 mln

May 27 (Reuters) - National Australia Bank said on Wednesday it would increase the size of its share purchase plan offer by A$750 million ($498.60 million), adding more capital to its coffers as it weathers the coronavirus crisis.

The increased size adds to the original target of A$500 million, taking the total amount to be raised under the plan to A$1.25 billion, at an issue price of A$14.15 per share. ($1 = 1.5042 Australian dollars) (Reporting by Shreya Mariam Job in Bengaluru; Editing by Kim Coghill)

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