Macquarie Group Capital Notes 3 (MQGPC) Updated Prospectus & Redemption of MQGPA

On 15 May 2018, Macquarie Group Limited (“MQG”) provided an updated prospectus to coincide with the launch of the Securityholder and Reinvestment Offers for its Macquarie Group Capital Notes 3 (ASX Code: MQGPC).

The offer size was revised upwards again to approximately $900 million, with the ability to raise up to $1 billion.

The margin had previously been set at 4.00% p.a. over 90 Day BBSW, which was at the bottom of the indicative range (4.00 – 4.20%).

Additionally, MQG gave notice of the redemption of all outstanding Macquarie Group Capital Notes (ASX Code: MQGPA) on the first Scheduled Optional Exchange Date (7 June 2018).  The last date for trading of MQGPA is expected to be 28 May 2018 and holders will receive a final Distribution of $2.4747 for the six month period to redemption.

The closing date for the Securityholder Offer is 1 June 2018, MQGPC notes will be issued on 7 June 2018, commence trading on a deferred settlement basis on 8 June 2018 and on a normal settlement basis on 14 June 2018.