Macquarie shares lag as $1.25 billion capital move puts balance sheet back in view
Macquarie Group shares closed down 0.24% at A$237.47 Wednesday, underperforming the S&P/ASX 200’s 0.57% gain. The company disclosed a US$1.25 billion issue of 5.819% subordinated notes due 2037, intended as Tier 2 capital. Macquarie’s planned auditor switch remains pending regulatory and shareholder approval amid ongoing scrutiny of KPMG.