On 18 December 2015 Macquarie Group Limited (MQG) announced that it has closed Macquarie Capital Notes 2 offer and upsize the deal to $531million. The bookbuild closed the offer at a margin of 5.15%. Since then the Tier 1 capital market has widened slightly and therefore this security looks expensive releative to comparable offers from major banks. Therefore we expect this security to trade at a discount after the initial trade support. This security starts trading on Monday.
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Source: ASX and Macquarie Group Limited
