Macquarie Bank Ltd Hybrid Security — Investor Relations & Filings

Macquarie Bank Ltd Hybrid Securities are financial instruments that combine features of both debt and equity. Issued by Macquarie Bank, part of the global financial services provider Macquarie Group, these securities are primarily used to raise regulatory capital. They are structured to offer investors regular income distributions, which are often based on a floating rate. Key characteristics typically include being non-cumulative, meaning missed payments do not accumulate. The securities may also be callable by the issuer at specified dates and can be converted into ordinary shares of the parent company under certain conditions, such as a capital trigger event.