National Australia Bank Limited
(ASX:NAB) has lifted its subordinated notes offering to $1 billion.
The bank was originally pitching to raise $500 million.
The notes will be offered at a 2.75 per cent margin above the bank bill rate and carry a10-year tenure.
The NAB offering is the first since 1999. The bank announced a rise in its first-half cash profit earlier this month of 4.8 per cent.
National Australia Bank reported a first-half net profit of $2.05 billion.
