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Macquarie Group Advises on Subordinated Notes Cleansing Notice

03 Mar 2021  |  09:24:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: Subordinated Notes Cleansing Notice

Macquarie Group advised on subordinated notes cleansing notice. The Subordinated Notes will be issued under a Second Amended and Restated Fiscal Agency Agreement, dated as of 8 March 2017 (the Fiscal Agency Agreement). The Subordinated Notes will be debt obligations of the Bank and are intended to constitute Tier 2 Capital of the Bank. The aggregate principal amount of the Subordinated Notes to be issued is US$1,000,000,000. The effect of the issue on the Bank and the MGL Group will be to increase the total liabilities of MBL and Tier 2 Capital by that amount.

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