Macquarie Group Announces Initial Allocation of $A650m of MCN3 at a Margin of 4%

Macquarie Group Limited announced the initial allocation of $A650 million of Macquarie Group Capital Notes 3 (“MCN3”) to Syndicate Brokers and Institutional Investors under the Institutional Offer and the Broker Firm Offer, pursuant to its offer of MCN3 (“Offer”), which was announced to the Australian Securities Exchange.

While MGL has initially allocated $A650 million in firm commitments to Syndicate Brokers and Institutional Investors under the Institutional Offer and the Broker Firm Offer, the Bookbuild in respect of the Broker Firm Offer will remain open for indicative demand by Eligible MCN Holders that are clients of Syndicate Brokers until 12.00pm on Thursday, 10 May 2018.

The Margin has been set at 4.00% per annum, which was at the bottom of the expected Margin range of 4.00% to 4.20% per annum.

The final size of the Offer will depend upon the volume of Applications received and accepted under the Broker Firm Offer, Reinvestment Offer and Securityholder Offer, which are due to open on Tuesday, 15 May 2018. MGL reserves the right to scale-back Applications if there is excess demand, however Reinvestment Applicants will be given a priority allocation over Securityholder Applicants.

Full details of the Offer and the terms and conditions of MCN3, including the Margin and Offer size will be set out in the Replacement Prospectus which is scheduled to be lodged with the Australian Securities and Investment Commission (“ASIC”) by MGL on Tuesday, 15 May 2018, subject to the expiry of the exposure period with ASIC.


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