Macquarie Group Prices First US Pre-Paid Natural Gas Bond Transaction

  Macquarie Group Prices First US Pre-Paid Natural Gas Bond Transaction

Business Wire

HOUSTON -- November 28, 2012

Macquarie Group, (“Macquarie”) (ASX: MQG; ADR: MQBKY), today announced the
pricing of its first pre-paid natural gas bond transaction in the US with
Texas Municipal Gas Acquisition and Supply Corporation III (“TexGas III”).

TexGas III has sold and will issue fixed rate US$ denominated serial bonds
maturing annually from December 2013 through to December 2032 with yields
ranging between 0.75% and 4.05% p.a. The bonds have a total par value of
approximately US$1.4 billion, were issued at a premium for total proceeds of
$1.5 billion, and are rated A3 by Moody’s and BBB by Standard and Poor’s. This
transaction marks the first US pre-paid natural gas bond transaction for which
Macquarie is the gas supplier. Over the term of this transaction, Macquarie
will supply approximately 405 billion cubic feet of natural gas.

“We are excited to announce the completion of our first pre-paid natural gas
bond transaction,” said Michael McLaughlin, US Country Head of Macquarie
Group. “This transaction will provide TexGas III with a 20-year supply of
natural gas from Macquarie at terms that will ultimately save money for
municipal utilities and their customers in 20 states in the US.”

Macquarie ranks as the fourth-largest marketer of physical natural gas in
North America and the largest non-producer.

“Our strength in both the physical and financial markets means we have the
relationships, knowledge and capability to effectuate these types of
transactions,” added Nicholas O’Kane, Houston-based Global Head of Energy
Markets, Macquarie Group. “We look forward to expanding our relationships
within the municipal energy sector.”

The finalization of this transaction is subject to approvals from the Texas
Attorney General.

About Macquarie Group

Macquarie Group (Macquarie) is a global provider of banking, financial,
advisory, investment and funds management services. Macquarie’s main business
focus is making returns by providing a diversified range of services to
clients. Macquarie acts on behalf of institutional, corporate and retail
clients and counterparties around the world. Founded in 1969, Macquarie
operates in more than 70 office locations in 28 countries. Macquarie employs
approximately 13,400 people and has assets under management of over $339
billion (as of September 30, 2012).

With more than 10 years’ intensive involvement in the global energy sector,
Macquarie Group has a long-standing financial services expertise with a
dedicated focus on the energy industry. Macquarie provides a comprehensive
range of financial services to our clients around the world. For more
information please visit or contact 713-275-6800.


Macquarie Group
Paula Chirhart, +1 212-231-1239
Corporate Communications
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