UPDATE 1-Australia's NAB announces $4.4 bln rights issue; to float UK unit
May 06, 2015 at 19:39 PM EDT
SYDNEY, May 7 (Reuters) - National Australia Bank, the country's top lender by assets, on Thursday said it plans to raise A$5.5 billion ($4.38 billion) in a rights issue as it looks to demerge and float its troubled British unit by the end of the year.