Macquarie Group Capital Notes 3 suspension details

Macquarie Group (ASX:MQG) has announced the suspension of its Macquarie Group Capital Notes 3, listed under the code MQGPC. The suspension will take effect at the close of trading on December 5, 2024, as per ASX Listing Rule 17.2. This move anticipates the redemption of the notes scheduled for December 16, 2024. The suspension only pertains to these specific notes, leaving other securities of the company unaffected.

Overview and implications for investors

The announcement from Macquarie Group clarifies the suspension of its Capital Notes 3, MQGPC, in preparation for their redemption set for December 16, 2024. This suspension is a routine procedure as per ASX Listing Rule 17.2. Investors holding these notes need to be aware of the suspension and redemption schedule, as it may influence their investment decisions. The announcement reassures stakeholders that this action is limited to the Macquarie Group Capital Notes 3 and does not affect any other securities of the company. Macquarie Group continues to maintain transparency and comply with ASX regulations, reinforcing investor confidence.

Executive commentary on suspension and redemption

The suspension of MQGPC is in preparation for their redemption, which is planned for December 16, 2024. This is a standard procedure in accordance with ASX Listing Rule 17.2.