April 27 (Reuters) - National Australia Bank Ltd NAB.AX :
* LAUNCHES INSTITUTIONAL PLACEMENT AND SHARE PURCHASE PLAN
* PLACEMENT WILL BE UNDERTAKEN AT FIXED PRICE OF A$14.15 PER SHARE
* PLACEMENT WILL RESULT IN ABOUT 212 MILLION NEW SHARES BEING ISSUED, REPRESENTING 7.1% OF NAB'S EXISTING ORDINARY SHARES ON ISSUE
* CAPITAL RAISING OFFER "EXPECTED TO INCREASE GROUP'S COMMON EQUITY TIER 1 CAPITAL (CET1) RATIO TO 11.2%" Source: https:// Further company coverage: NAB.AX