Australia's Macquarie eyes A$ Tier 1-investors

(For the latest Australia and New Zealand bond news, double
click on [AU/CRD] and then double click on the ID number)

SYDNEY, May 28 (Reuters) - Macquarie Group (MQG.AX)
Australia's top investment bank, is planning to announce a Tier
1 Capital issue as early as Wednesday, three investors said.

Although exact details have not been released to investors,
an issue of around A$300 million ($288 million) with a
mandatory conversion into shares is being discussed, they said.

The offer would pay unfranked dividends and target
institutional as well as retail investors.

The issue would involve a large syndicate of joint lead
managers including Citigroup, Goldman Sachs JBWere, Macquarie,
nabCapital, JPMorgan, UBS and Westpac, according to investors.

The joint leads and Macquarie declined to comment or were
not available to comment.
($1=A$1.04)
(Reporting by Cecile Lefort)