NAB prices retail tier one hybrid offer [UPDATED]

On February 20 National Australia Bank (NAB) announced the results of the bookbuild on its new retail hybrid offer, revealing the deal had been upsized to A$1.4 billion (US$1.44 billion) from an indicative A$750 million (US$775.6 million). NAB's offer follows a similar launch by Westpac Banking Corporation (Westpac), which on February 8 was upsized to A$1.25 billion from A$750 million.