Macquarie Group Limited
(ASX:MQG) has allocated US$750 million of Macquarie Additional Capital Securities (MACS) to wholesale investors.
The bank says the Macquarie Additional Capital Securities, or hybrid capital, will pay a fixed coupon of 6.125% per annum until the first Reset Date in March 2027.
The issue data is expected to be 8 March 2017.
The capital securities will form part of the bank’s Tier 1 capital and can also be exchanged for Macquarie Group Limited
(ASX:MQG) shares.
Macquarie Group Limited
(ASX:MQG) last reported a net profit of $1.05 billion at 30 September 2016.
