Nov 20 (Reuters) - National Australia Bank Ltd NAB.AX :
* NAB INCREASES NCN5 OFFER TO $2 BILLION & SETS MARGIN AT 3.50%-NAB.AX
* INCREASES NAB CAPITAL NOTES 5 OFFER TO $2 BILLION AND SETS MARGIN AT 3.50%
* CLOSED BOOKBUILD EARLIER THAN SCHEDULED AND ALLOCATED $2 BILLION OF NAB CAPITAL NOTES 5 UNDER BROKER FIRM AND INSTITUTIONAL OFFERS.
* MARGIN HAS BEEN SET AT 3.50% P.A., LOWER END OF INDICATIVE MARGIN RANGE OF 3.50% - 3.70% P.A.
* FINAL SIZE OF OFFER MAY BE INCREASED FURTHER, SUBJECT TO APPLICATIONS RECEIVED AND ACCEPTED UNDER REINVESTMENT AND SECURITYHOLDER OFFERS
* OFFER EXPECTED TO OPEN ON TUESDAY, NOV 24, 2020 AND CLOSE ON FRIDAY, DEC 11, 2020
* CAPITAL NOTES 5 OFFER TO INCREASE FROM $750 MILLION TO $2 BILLION WITH ABILITY TO RAISE MORE OR LESS