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Reuters
Reuters
Business

Australia's Macquarie follows NAB to withdraw notes offer due to volatile markets

Australia's Macquarie Bank on Friday withdrew a capital notes offer due to highly volatile market conditions in recent weeks, a day after National Australia Bank <NAB.AX> cancelled its raising.

The banking arm of financial conglomerate Macquarie Group <MQG.AX> said it will cancel its A$500 million ($314.25 million) Capital Note 2 offering.

The country's third largest lender NAB had on Thursday decided to withdraw a capital notes offer, weeks after it said it would increase the amount it was looking to raise from its Capital Notes 4 offer to at least A$1.95 billion.

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