Macquarie books A$130 mln gain on securities sale

Reuters - Friday, June 19

SYDNEY, June 19 - Macquarie Group Ltd <MQG.AX>, Australia's top investment bank, will book a A$130 million profit in fiscal 2010 on the sale of securities, the bank said on Friday.

The group has raised about A$324 million by selling Macquarie Bank Limited's Income Preferred Securities at a 40 percent discount to face value, it added.