Redeemed securities – Wholesale securities
Macquarie Preferred Membership Interests (PMIs) were redeemed on 2 December 2015.
The PMIs were unsecured and subordinated hybrid securities. They were non-cumulative and paid a fixed rate of interest.
The PMIs were listed on the Singapore Stock Exchange under the ISIN Code ‘XS0562354422’. They were originally listed on 3 December 2010.
Refer to the PMIs Offering Circular.
Macquarie PMIs were fixed rate instruments that paid a coupon of 8.375 per cent per annum.
The PMIs paid semi-annual distributions on:
Distribution payments were non-cumulative and were only be paid, inter alia, at the sole discretion of the Issuer.
Full details of payment terms can be found in the PMIs Offering Circular.