Macquarie Group Limited (ASX:MQG) has completed a $420 million bookbuild through an offering of capital notes.
Australia’s largest listed investment bank announced the offering on the 15 September. The margin has been set at 3.3 per cent per annum for brokers and institutional investors.
The final size of the offer will depend on the volume of applications received, with the offer opening on 23 September.
The company says Macquarie Capital is the sole arranger and joint lead manager for the offering.
Macquarie Group reported a net profit of $1.27 billion for the year ending 31 March 2014.
