AMP’s new hybrid

02 September 2015

 

AMP is sounding out investors about a new issue of listed hybrids securities. AMP already has its AMP Capital Notes 2 trading on the ASX, which were issued in 2013 and pay distributions at BBSW + 265bps but the new hybrid is thought to be priced at close to BBSW + 500 bps. At this stage there is little information to go on but it’s not far-fetched to bet it...

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