Macquarie Bank withdraws AT1 transaction

On 13 March, Macquarie Bank (A+/A2/A) announced the withdrawal of its A$500 million (US$313.8 million) offer of additional tier-one (AT1) capital, made 11 February and due to be issued 18 March. In a statement to the ASX, Macquarie Bank says the decision to withdraw was made considering significantly changed market conditions in recent weeks.