Macquarie Technology Group (ASX:MAQ) secured an AU$200 million hybrid investment from Australian government-backed investor National Reconstruction Fund Corporation, according to a Wednesday filing with the Australian bourse.
The investment will be provided through a delayed-draw facility for perpetual, callable, subordinated, unsecured, and non-convertible hybrid securities, per the filing.
The issuance will occur in two series, with the first by June 1 and the second by March 1, 2027, the filing said.
The proceeds will be used to advance sovereign secure digital infrastructure and cybersecurity, driving strategic cloud services and government initiatives that accelerate artificial intelligence and sovereign cloud adoption across Australian government agencies, the Department of Defense, defense industry, critical infrastructure, and businesses, the filing added.