Summary: Macquarie Group to issue new hybrid security, MQGPG; likely issue margin of 2.65%; expected to initially pay around 7.00% (annualised, including franking credits); first call date in December 2031; trading expected to begin on 17 September 2024. In recent years, when one of a company’s existing hybrids approaches its first call date (or first optional exchange date), speculation turns to the likelihood of a replacement hybrid security. A replacement...