ASX listed securities

Macquarie Bank Capital Notes 3

Macquarie Bank Capital Notes 3 (BCN3) are unsecured, subordinated notes issued by Macquarie Bank Limited. They are non-cumulative and mandatorily convertible. BCN3 are quoted on the Australian Securities Exchange (ASX) under the code 'MBLPD'.

The BCN3 were listed on the ASX on 27 August 2021. The BCN3 offer raised $A654,848,000 through the issue of 6,548,480 BCN3 at $A100 each.

The Scheduled Mandatory Exchange date is 8 September 2031.

Important information

Any information contained here is general in nature, is a summary of only some of the features of the BCN3 and has been prepared without taking into account your objectives, financial situation or needs. Before investing in BCN3, you should consider the appropriateness of the BCN3 having regard to your circumstances and the terms of the BCN3. To learn more about the BCN3 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 BCN3 – namely, information for retail investors who are considering investing in hybrid securities called “Hybrid securities and notes” (under the heading “Investments paying interest” at www.moneysmart.gov.au/ investments-paying-interest). 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/investments-paying-interest/hybrid-securities-and-notes or by calling ASIC on 1300 300 630 (from Australia) or +61 3 5177 5407 (from outside Australia).

Distributions

For details, refer to the Prospectus located under Documentation.

The BCN3 pay quarterly distributions on or about:

  • 7 March
  • 7 June
  • 7 September
  • 7 December

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

Note: The Distribution Rate will be determined, and the notice given, when all of the necessary inputs to the calculation are available. One of the inputs to this calculation is the franking rate. Macquarie determines its franking rate every six months along with the determination of Macquarie Group Limited (MGL) ordinary share dividend payments. As a result, the Distribution Rate for the 7 June payment will be released shortly after the MGL annual results announcement in early May each year and the Distribution Rate for the 7 December payment will be released shortly after the half-year results announcement in early November each year. The 7 March and 7 September Distribution Rates will be announced shortly after the previous payment dates.