AMP raises A$296 million in sale of notes

The company raised A$202.7 million worth of Australian notes paying 7.88% and $115.5 million worth of New Zealand notes at 8.83%.

The 10-year notes have a five-year call option. The Australian notes begin trading today.

The company will use the money raised to meet ongoing funding requirements and refinance subordinated debt, chief executive Craig Dunn said in a statement last month.

The notes are unsecured subordinated debt obligations, ranking behind all other creditor claims, and were provisionally rated A- by Standard & Poor's and A3 by Moody's.

Shares in Australia's largest provider of pension plans last traded at $6.30.

Comments from our readers

No comments yet

Add your comment:

Your name:
Your email:	Not displayed to the public
Comment:
Comments to Sharechat go through an approval process. Comments which are defamatory, abusive or in some way deemed inappropriate will not be approved. It is allowable to use some form of non-de-plume for your name, however we recommend real email addresses are used. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved.

Anti-spam verification:

Type the text you see in the image into the field below. You are asked to do this in order to verify that this enquiry is not being performed by an automated process.

Related News:

THL - FY26 Interim Results: underlying NPAT up 11%, 3cps dividend
FPH updates FY26 revenue and earnings guidance
February 23rd Morning Report
February 20th Morning Report
SCL - Chief Financial Officer Transition
BLS - Strong YTD performance
CEN announces opening of NZ$75 million Retail Offer
AIA - 1H26 Interim Results
February 19th Morning Report
TWL - Share Purchase Plan Results