Investment Opps

Macquarie Bank Capital Notes 2 (MBLPC)


Macquarie Bank Limited (ASX: MQG) (MBL) today announced that it has opened its offer of Macquarie Bank Capital Notes 2 (“BCN2”) (“the Offer”).

The Offer is for the issue of BCN2 to raise approximately$500 million, with the ability to raise more or less.

The Offer consists of:

- an Institutional Offer to Institutional Investors;

- a Broker Firm Offer made to Australian resident retail andhigh net worth clients of Syndicate Brokers who are invited to apply under theBroker Firm Offer; and

- a Securityholder Offer made to holders of MGL Ordinary Shares (ASX: MQG), Macquarie Group Capital Notes 2 (ASX: MQGPB), Macquarie Group Capital Notes 3 (ASX: MQGPC), Macquarie Group Capital Notes 4 (ASX:MQGPD), and former holders of Macquarie Income Securities (ASX:MBLHB) or Macquarie Bank Capital Notes (ASX:MBLPA) on the Relevant Record Date, who are resident in Australia (and not otherwise prevented from receiving the Offer of BCN2 under the securities laws of another jurisdiction, as determined by MBL).

The Relevant Record Date is 7.00pm (AEST) Wednesday, 8 April 2020 in respect of Macquarie Income Securities, 7.00pm (AEDT) Monday, 16 March2020 in respect of Macquarie Bank Capital Notes and is 7.00pm (AEST) Thursday,7 May 2020 in respect of other securities. As announced on Wednesday, 13 May2020, the Margin has been set at 4.70% per annum. The size of the Offer hasbeen set at $500 million, with the ability to raise more or less. The finalsize of the Offer will depend on the volume of Applications received and accepted under the Securityholder Offer. MBL reserves the right to scale back Applications if there is excess demand.

For further information see

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