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Macquarie Bank Said to Market Subordinated Bonds in Dollars

Macquarie Bank Ltd. is marketing a sale of U.S. dollar-denominated bonds, according to a person with direct knowledge of the matter.

The subordinated notes have a 45-year final maturity, said the person, asking not to be identified because the details are private.

The unit of Macquarie Group Ltd. (MQG) has A$10.9 billion ($11.5 billion) of bonds outstanding, according to data compiled by Bloomberg. It last sold dollar debt in February, when it raised $700 million from the senior notes sale, the data show.

Credit Suisse AG, HSBC Holdings Plc, JP Morgan Chase & Co. and Macquarie are managing the sale, the person said.

To contact the reporter on this story: Rachel Evans in Hong Kong at revans43@bloomberg.net

To contact the editor responsible for this story: Shelley Smith at ssmith118@bloomberg.net

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