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Financials

National Australia Bank seeks trading halt before capital raise

April 27 (Reuters) - National Australia Bank on Monday requested a trading halt of its shares pending an announcement by the lender on a proposed equity capital raising, consisting of an institutional placement and share purchase plan.

Australia’s third-biggest lender requested the trading halt remain in place until the open of trading on Wednesday or an announcement on completion of the placement. (Reporting by Shriya Ramakrishnan in Bengaluru; Editing by Daniel Wallis)

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