Macquarie Group Capital Notes 2

 

Macquarie Group Capital Notes 2 (MCN2) are unsecured, subordinated notes issued by Macquarie Group Limited. They are non-cumulative and mandatorily convertible. The MCN2 are quoted on the Australian Securities Exchange (ASX) under the code 'MQGPB'.

The MCN2 were listed on the ASX on 18 December 2015.  The MCN2 offer raised $A531 million through the issue of 5.31 million MCN2 at $A100 each.

The initial mandatory exchange date is 18 March 2024.

Important information

Any information contained here is general in nature, is a summary of only some of the features of the MCN2 and has been prepared without taking into account your objectives, financial situation or needs. Before investing in MCN2, you should consider the appropriateness of the MCN2 having regard to your circumstances and the terms of the MCN2. To learn more about the MCN2 please refer to the information contained below. You should also seek independent financial advice before making such an investment decision.

ASIC has published guidance which may be relevant to your consideration of whether to invest in MCN2 – namely, information for retail investors who are considering investing in hybrid securities called “Hybrid securities and notes” (under the heading “Complex investments” at www.moneysmart.gov.au/investing). ASIC’s guidance includes a series of questions you may wish to ask yourself, and a short quiz you can complete, to check your understanding of how hybrids work, their features and the risks of investing in them. Free copies of this ASIC guidance can be obtained from ASIC’s website at www.moneysmart.gov.au/investing or by calling ASIC on 1300 300 630 (from Australia) or +61 3 5177 3988 (from outside Australia).

For details, refer to the prospectus located under Documentation.

The MCN2 pay semi-annual distributions on or about:

  • 17 March
  • 17 September

If any of these dates are not a business day, the distribution will be paid on the next business day.

Payment dateDistribution rateApproximate distribution per security ($A)Franking rate
18/03/2019 6.0812% $3.0323 45%
17/09/2018 6.0695% $3.0264 45%
19/03/2018 5.9311% $2.9574 45%
18/09/2017 5.9898% $3.0359 45%
17/03/2017 5.9563% $2.921 45%
19/09/2016 6.4878% $3.3061 40%
17/03/2016 6.4024% $1.5787 40%

View documentation for the Macquarie Group Capital Notes 2

Prospectus – 1 December 2015