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AMP LIMITED — Capital/Financing Update 2015
Mar 12, 2015
64379_rns_2015-03-12_9047044f-9e93-4592-b125-2d3e0ce8030c.pdf
Capital/Financing Update
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13 March 2015
Manager ASX Market Announcements Australian Securities Exchange Level 4, 20 Bridge Street Sydney NSW 2000
Manager Market Information Services Section New Zealand Stock Exchange Level 24, NZX Centre, 11 Cable Street PO Box 2959 Wellington, New Zealand
Announcement No: 06/2015 AMP Limited (ASX/NZX: AMP)
AMP prices $275m of AMP Wholesale Capital Notes at a margin of 400bp
AMP Limited has successfully priced $275,000,000 of AMP Wholesale Capital Notes at a margin of 400bp over the market rate. The issue date for the notes is scheduled for 27 March 2015.
AMP expects to use the proceeds of the issue to fund additional tier 1 capital of one or more regulated entities within the AMP group.
AMP Group Treasurer David Rowe said: “We are very excited by this issue and the support provided by our investors and the market more broadly. The ability to access the wholesale market for additional tier 1 capital will create ongoing funding opportunities for AMP and it’s great to see this market open for business”.
“The AMP Wholesale Capital Notes provide an opportunity for AMP to diversify its funding sources. It will further enhance the Group’s capital position and the efficiency in the balance sheets of the regulated entities.”
JP Morgan, NAB and UBS were each Joint Lead Managers for the AMP Wholesale Capital Notes, while King & Wood Mallesons acted as legal adviser to AMP.
Investor enquiries
Media enquiries
David Rowe Julia Quinn Group Treasurer Director Media and Community Phone: +612 9257 5762 Relations Email: [email protected] Phone: +612 9257 9870 Email: [email protected]
Public Affairs T 02 9257 6127 E [email protected] W AMP.com.au/media AMP_AU
AMP Limited 33 Alfred Street, Sydney NSW 2000 Australia ABN 49 079 354 519