Macquarie Bank to buy back €203.5 million unsubordinated floaters

By Tali Rackner

Norfolk, Va., March 10 – Macquarie Bank Ltd. said it agreed to repurchase €203.5 million of its €500 million floating-rate unsubordinated debt instruments due May 27, 2017, according to a filing with the London Stock Exchange.

Following the Thursday buyback, €296.5 million will remain outstanding under the issue.

Macquarie said it may make additional repurchases from time to time.

The banking unit of Macquarie Group Ltd. is based in Sydney, Australia.

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