Some charts require very few words. This chart was produced by Evans & Partner on 18 August, 2016.
In a note to clients this week, E&P head of fixed income Michael Saba said, “On a scatter diagram with similar insurance/funds companies, the AMP securities offer mixed value. AMPHA looks tight compared to CNGHA, whereas AMPPA is about right relative to SUNPE. The OTC AMP Capital Notes (similar to bank Capital notes) are explicitly rated BBB by S&P and look to be excellent value relative to the listed AMP securities.”