Macquarie Bank Capital Notes 2 Relaunch - Completion of Bookbuild and Margin Set

On Wednesday 13 May 2020, Macquarie Bank Limited (“MBL”) announced the completion of the Bookbuild process for its offer of Capital Notes 2 ("MBLPB"), which was relaunched on Monday 11 May 2020.

MBL allocated $500 million of Capital Notes 2 to Syndicate Brokers and Institutional Investors on a firm basis, $75 million more than the $425 million originally committed to at the same stage of the first launch in February 2020. 

The Margin was set at 4.70%, at the bottom of the launch guidance range.

The final size of the Offer will depend on the volume of Applications received and accepted under the Securityholder Offer with MBL reserving the right to scale back Applications if there is excess demand.  The Offer is expected to open on Tuesday 19 May 2020 and close on Friday 29 May 2020.