The material and information on this web page and the web pages accessed through this web page (together, the "website") is for distribution only to persons who are not a retail client (defined by section 761G of the Corporations Act 2001 of Australia) and who are sophisticated investors, professional investors or other investors who do not require disclosure under Part 6D.2 of the Corporations Act 2001 of Australia. If you access this website, you are confirming you are entitled to do so.
Macquarie Exchangeable Capital Securities (ECS) 2012
Macquarie Exchangeable Capital Securities (ECS) are listed on the Singapore Stock Exchange under the ISIN Code XS0763122909. They were listed on 28 March 2012.
Macquarie ECS were issued by Macquarie Bank Limited, acting through its London Branch (the Issuer), and constitute Innovative Tier 1 Capital under the current regulatory framework of MBL. In addition, APRA has confirmed that, at a minimum, the Macquarie ECS will be eligible for transitional relief from 1 January 2013 under the new Basel III standards.
Macquarie ECS are exchangeable into fully paid ordinary shares in the capital of Macquarie Group Limited, in accordance with their terms. The initial mandatory exchange date is 20 June 2017. See full details in the ECS Offering Circular.
|Credit ratings||Macquarie ECS is rated by Fitch Ratings: BB+|
|Distribution calculation||Macquarie ECS are fixed rate instruments that pay a coupon of 10.25 per cent per annum.|
|Distribution payments||Payable semi-annually in arrears on 20 June and 20 December. Distribution payments are non-cumulative and will only be paid, inter alia, at the sole discretion of the Issuer. Full details of payment terms can be found in the ECS Offering Circular.|