Norton Rose Fulbright acts for Australian Executor Trustees on $400 million hybrid offer

Business November 23, 2015

Global law firm Norton Rose Fulbright has advised Australian Executor Trustees in relation to its role as trustee for an offer of capital notes by Macquarie Group Limited (MCN2). This latest hybrid offer by Macquarie is expected to raise around A$400 million.

The transaction highlights Australian Executor Trustees’ leading position in the Australian market as a provider of note trustee services for regulated issues, as well as Norton Rose Fulbright’s position as one of the premier debt capital markets (DCM) practices in Australia.

Our Sydney-based team was led by experienced DCM lawyer and recent addition to the banking and finance practice, special counsel James Morris. Mr Morris joined the firm on October 13 this year from Ashurst, where he worked for nine years after a stint at Clifford Chance in London.

Norton Rose Fulbright special counsel James Morris commented:

“The MCN2 form an important part of Macquarie's strategy to manage its capital mix and maintain a diverse source of funding. The transaction also highlights Australian Executor Trustee's position in the Australian market as a leading provider of note trustee services for regulated issues and our capability in acting on a range of significant DCM transactions.”

The Norton Rose Fulbright team also included Tessa Hoser, partner and Livia Li, associate.