Macquarie Bank sets pricing in tender for any and all of four series

By Jennifer Chiou

New York, May 15 - Macquarie Bank Ltd. announced the pricing terms for its cash tender offer for any and all of the following notes:

• $1,328,958,000 of 4.1% notes due Dec. 17, 2013;

• $250 million of floating-rate notes due Jan. 23, 2014;

• $650 million of floating-rate notes due March 11, 2014; and

• $510,784,000 of 3.3% notes due July 17, 2014.

All series are guaranteed by the government of Australia.

As reported, for each $1,000 principal amount, the payout will be $1,009.46 for the floaters due in January 2014 and $1,009.31 for the floaters due in March 2014.

The payout for the 4.1% notes will be $1,023.25 per $1,000 principal amount, determined using the 0.125% Treasury due Dec. 31, 2013.

For the 3.3% notes, it will be $1,036.54 per $1,000 principal amount, which was determined using the 0.125% Treasury due July 31, 2014. In both cases, the fixed spread was 0 basis points.

Holders will also receive accrued interest up to but excluding the settlement date.

The offer was to end at 5 p.m. ET on May 15.

BofA Merrill Lynch (888 292-0070 or call collect 980 683-3215), Citigroup Global Markets Inc. (800 558-3745 or call collect 212 723-6106) and J.P. Morgan Securities LLC (866 834-4666 or 212 834-4394) were the dealer managers, and D.F. King & Co., Inc. was the tender agent and information agent (800 769-7666).

The financial services segment of Macquarie Group Ltd. is based in Sydney, Australia.

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