From my understanding just a cheaper way to raise some money.
Intelligent Investor wrote a piece that helped me understand this type of thing a little more. I don't see the upside once you take opportunity cost into account and that at least in 2015 they included a note that paying investors back is at MQG discretion (no thank you IMO)
https://www.intelligentinvestor.com.au/investment-news/avoid-macquarie-capital-notes-2/61423
Ann: MCN5 Launch Announcement, page-4
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Last
$200.35 |
Change
2.060(1.04%) |
Mkt cap ! $76.54B | |||
| Open | High | Low | Value | Volume |
| $198.29 | $201.57 | $197.68 | $68.49M | 342.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 112 | $200.33 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $200.37 | 56 | 5 |
View Market Depth
| Last trade - 15.10pm 07/08/2024 (20 minute delay) ? |
| MQG (ASX) Chart |