Macquarie Bank launches AT1 deal

On 11 February, Macquarie Bank launched an indicative A$400 million (US$268.1 million) additional tier-one (AT1) capital transaction. The indicative margin for the deal is 290-320 basis points over three-month bank bills. The final margin will be set, following a bookbuild, on 14 February. The offer is expected to open on 19 February and close on 18 March.