Macquarie Group launches new AT1 deal

On 25 February, Macquarie Group launched a new additional tier-one (AT1) capital transaction for A$500 million (US$357.8 million), with the ability to raise more or less. The forthcoming deal is being marketed at 415-435 basis points over three-month bank bills. The final margin will be announced following a bookbuild on 1 March.