Macquarie Bank announced its intention to raise A$400m (more or less), through the offer of Bank Capital Notes (BCN). The notes will be quoted on the ASX under the code MBLPA. They are fully paid, unsecured, subordinated, non-cumulative, mandatorily convertible notes issued by MBL at $100 per BCN. Distributions will be paid semi-annually in arrears subject to certain Payment Conditions. Indicative distribution rate is 180 day BBSW  plus margin in the range of 3.10-3.30%, and mandatory conversion into MGL shares is 24/3/2023 subject to certain conditions. The offer is made under a prospectus, and available only to investors resident in Australia and to certain institutional investors.   Macquarie Bank is Sole Arranger and a Joint Lead Manager. ANZ Securities Ltd, Citigroup Global Markets Australia Pty Ltd, Commonwealth Bank of Australia, Evans and Partners Pty Ltd, J.P. Morgan Australia Ltd, Morgans Financial Limited and National Australia Bank Ltd have also been appointed as JLMs. Broker firm offers close 5pm (Sydney Time), 7 October 2014.   For further information please see www.macquariebcnoffer.com.au For Australian Investors only, not for distribution in the United States.