Bulletin: Australia-Headquartered Macquarie Group Maintains Capital War Chest

MELBOURNE (S&P Global Ratings) Oct. 29, 2021--Australia-headquartered Macquarie Group Ltd.'s (MGL; BBB+/Stable/A-2) A$1.5 billion capital raising will support the financial services group's growth opportunities, S&P Global Ratings said today. The group announced during its half-year fiscal 2022 (year ended March 2022) result presentation today that it intends to raise at least A$1.5 billion. In addition, MGL declared a 50% dividend payout--at the bottom end of its 50% to 70% payout policy. This will further bolster the consolidated group's capital surplus of A$8.4 billion as of Sept. 30, 2021, and support business growth opportunities. MGL's earnings remain strong and reflect the improved trading conditions across its diverse set of businesses, particularly over the past 12 months. The group announced net profit

...October 28, 2021 MELBOURNE (S&P Global Ratings) Oct. 29, 2021--Australia-headquartered Macquarie Group Ltd.'s (MGL; ###+/Stable/A-2) A$1.5 billion capital raising will support the financial services group's growth opportunities, S&P Global Ratings said today. The group announced during its half-year fiscal 2022 (year ended March 2022) result presentation today that it intends to raise at least A$1.5 billion. In addition, MGL declared a 50% dividend payout--at the bottom end of its 50% to 70% payout policy. This will further bolster the consolidated group's capital surplus of A$8.4 billion as of Sept. 30, 2021, and support business growth opportunities. MGL's earnings remain strong and reflect the improved trading conditions across its diverse set of businesses, particularly over the past 12 months. The group announced net profit of A$2.0 billion in the six months ended Sept. 30, 2021, up more than 100% over the previous corresponding period. This resulted in annualized return on equity...

Bulletin