Sydney, 18 December 2015
Macquarie Group Limited (ASX; MQG; ADR: MQBKY) (MGL) today announced that it has closed its offer of Macquarie Group Capital Notes 2 (MCN2) (the Offer), raising approximately $A531m. All valid Securityholder Applications were accepted in full. As announced to the ASX on 26 November 2015, allocations to Syndicate Brokers and Institutional Investors were determined following the Bookbuild.
MCN2 are expected to commence trading on ASX on a deferred settlement basis from approximately 10:00am (Sydney time) on Monday, 21 December 2015 under the code “MQGPB”. Trading on a normal settlement basis is expected to commence on Wednesday, 23 December 2015.
CHESS and issuer sponsored holding statements indicating the number of MCN2 allocated to successful Applicants are expected to be dispatched by Tuesday, 22 December 2015. Refunds for any invalid Applications are expected to be dispatched by Tuesday, 22 December 2015.
Applicants can confirm their holding before receiving their holding statement in the following ways:
Any successful Applicant wishing to trade their MCN2 prior to receiving their holding statement is responsible for confirming their allocation to ensure they do not sell any MCN2 that they do not own. Any person who sells MCN2 before receiving their holding statement does so at their own risk.
First Distribution Payment
Distributions on MCN2 are scheduled to be paid on 17 March and 17 September each year, commencing on 17 March 2016. The record date for the first MCN2 distribution is expected to be 9 March 2016.
The Distribution Rate for the first Distribution will be calculated and announced to the ASX in December 2015.
Issue Date VWAP
For the purposes of the MCN2 Exchange calculations, the Issue Date VWAP is $A81.33.
As noted in the Prospectus, MGL applied for a class ruling to confirm the Australian tax consequences for certain holders of MCN2. The ATO is expected to issue this class ruling shortly. A copy of the class ruling will be made available at macquarie.com.au and on the ATO website at www.ato.gov.au.
Participation by related parties of MGL
In compliance with ASX requirements, MGL advises that 4,600 MCN2 were issued to related parties of MGL in aggregate.
Largest holders and holder distribution schedule
A statement of the 20 largest MCN2 holders, including the number and percentage of MCN2 held by those holders, and the distribution schedule of MCN2 holders are attached.
Unless otherwise defined, capitalised words used in this announcement have the meanings given to them in the Prospectus.
This announcement does not constitute an offer of any securities (including the MCN2) for sale or issue. No action has been taken to register or qualify MCN2 or the Offer or to otherwise permit a public offering of MCN2 outside Australia. In particular, this announcement does not constitute an offer of securities for sale in the United States. Neither the MCN2 nor the MGL Ordinary Shares have been or will be registered under the U.S. Securities Act of 1933, as amended (the Securities Act), or the securities laws of any state or other jurisdiction of the United States, and they may not be offered, sold or resold in the United States or to, or for the benefit of, any U.S. person (as defined in Regulation S under the Securities Act) except pursuant to an exemption from the registration requirements of the Securities Act.