Clayton Utz ECM team advises Macquarie on $600 million CPS offer

Melbourne, 17 June 2008: The Clayton Utz Equity Capital Markets team has been advising Macquarie Group on its recent $600 million capital raising which they announced at the end of last month.

Under the offer, Macquarie Capital Loans Management Limited, as responsible entity of the Macquarie CPS Trust, will issue of up to 6 million convertible preference securities (CPS) at an issue of $100 each.

Macquarie Capital Advisers are the sole arranger on the offer which also includes lead partners Citigroup, Goldman Sachs JBWere, JPMorgan, nabCapital, UBS and Westpac.
Clayton Utz partner Brendan Groves is leading the group advising on the offer which opened on 5 June.

The offer forms part of Macquarie Group’s ongoing funding and capital management strategy.