Macquarie Group closes A$905.5 million AT1 deal

Wednesday, 27 March 2019

Updated

Issuer: Macquarie Group
Issuer rating: BBB/A3/A-
Issue rating: NR
Pricing date: 27 February 2019
Settlement date: 27 March 2019
First call date: 10 September 2026
Maturity date: 10 September 2029
Arranger: Macquarie Bank
Lead managers: ANZ, Citi, Commonwealth Bank of Australia, Evans Dixon, J.P. Morgan, Morgans, National Australia Bank, Westpac Institutional Bank

Volume: A$905.5 million (US$641.8 million)
Total outstanding in the line: A$905.5 million
Coupon type: FRN
Coupon rate: 3m BBSW +415bp
Issue/re-offer price: par
Margin to swap: 415bp/3m BBSW