Dec 17 - National Australia Bank Ltd chief
executive Cameron Clyne said the bank will embark on a $1.5 billion renounceable rights issue in early 2010 to pay for its acquisition of AXA Asia Pacific Holdings Ltd's Australian and New Zealand businesses.
Mr Clyne said NAB would embark on the rights issue in early 2010 after completing due diligence on AXA APH.
Mr Clyne announced the details in a set piece interview segment in Brisbane before shareholders attending the bank's annual general meeting on Thursday.
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