Macquarie Exchangeable Capital Securities (ECS) were redeemed on 22 June 2017.
Macquarie ECS were issued by Macquarie Bank Limited, acting through its London Branch (the Issuer), and constituted Additional Tier 1 Capital under the Basel III transitional capital rules.
Macquarie ECS were listed on the Singapore Stock Exchange on 28 March 2012 under the ISIN Code XS0763122909.
Refer to the ESC Offering Circular for further details.
Macquarie ECS were fixed rate instruments that paid a coupon of 10.25 per cent per annum.
For details, refer to the prospectus located under Documentation.
The ECS paid semi-annual distributions in arrears on:
Distribution payments were non-cumulative and were only paid, inter alia, at the sole discretion of the Issuer.
Full details of payment terms can be found in the ECS Offering Circular.