As reported in YieldReport last week, Macquarie Group is looking to raise at least $400m in a new issue of hybrid Capital Notes 2. The Notes will replace an existing $400m issue of hybrid Preferred Membership Interests maturing in December 2015. The new issue will be fully paid, subordinated, non-cumulative, unsecured, mandatorily convertible, perpetual capital notes automatically convertible at the point of non-viability of the Macquarie Group. As such,...