Australia's Macquarie Group plans A$400 mln Tier 1 for bank unit

November 22, 2015 10:45 PM

38 0

SYDNEY Nov 23 Australia's top investment bank, Macquarie Group, said on Monday it plans to raise at least A$400 million ($289 million) of hybrid securities to maintain a diverse source of funding.

The offer consists of perpetual, subordinated notes that will contribute additional Tier 1 to the issuer's unit Macquarie Bank.

Also read: IMF to Loan Mongolia $440 Million as Part of Bailout Package

Read more

To category page

Loading...