AMP Group Finance Services plans to redeem all AMP notes on May 15

By Toni Weeks

San Luis Obispo, Calif., March 11 - AMP Group Finance Services Ltd. said it has received approval from the Australian Prudential Regulation Authority to redeem all outstanding AMP notes on May 15.

AMP notes, which were issued in April 2009, are interest-bearing, unsecured, subordinated debt securities. The Australian-dollar-denominated notes are listed on the Australian Securities Exchange and bear interest at the Australian 90-day Bank Bill Swap Rate plus 475 basis points, while the New Zealand-dollar-denominated notes are listed on the New Zealand Debt Exchange and bear interest at the NZ five-year Swap Rate plus 475 bps.

AMP is an independent wealth management company. Its main offices are in Melbourne, Australia, and Auckland, N.Z.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.