National Australia Bank Limited
(ASX:NAB) sold 28 million shares overnight in a retail shortfall book build.
The bank yesterday completed its fully underwritten retail entitlement offer which grossed around $2.04 billion and saw a 72 per cent take-up.
After the market closed the bank offered the remainder in a shortfall bookbuild and was the final stage of the offer originally announced on 7 May.
The institutional component of the offer had raised $2.7 billion when it was completed on 11 May.
The total value of the entitlement offer was $5.5 billion.
NAB reported a net profit of $3.46 billion in the first half of the 2015 financial year.
