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AMP LIMITED — Capital/Financing Update 2017
Aug 31, 2017
64379_rns_2017-08-31_697da833-0162-4b85-baa0-b8ff0aba4d48.pdf
Capital/Financing Update
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1 September 2017
AMP Limited issues $250 million of AMP Subordinated Notes at a margin of 180bp
AMP Limited (AMP) has successfully raised $250 million of AMP Subordinated Notes at a margin of 180bp over the market rate.
AMP expects to use all, or a substantial portion, of the proceeds to fund tier 2 capital of one or more regulated entities within the AMP group.
AMP Bank Treasurer Jason Bounassif said: “We are really pleased with the interest received in the transaction from investors and the market more broadly.”
More than 44 investors participated in the issue. NAB, UBS and Westpac were each Joint Lead Managers for the AMP Subordinated Notes, while King & Wood Mallesons acted as legal adviser to AMP.
Investor enquiries
Media enquiries
Jason Bounassif Bank Treasurer Phone: +61 2 8048 9346 Mobile: +61 411 404 637 Email: [email protected]
Mark Roberts Communications Manager Phone: +61 2 9257 1086 Mobile: +61 466 328 581 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