AMP in $200 million capital raising
AMP Limited is seeking to raise $200 million through the issue of issue of securities listed on the Australian Securities Exchange (ASX).
The company announced the capital raising on the ASX today, saying the new, subordinated and unsecured debt securities would be called AMP Subordinated Notes 2.
AMP chief financial officer Colin Storrie said the funds raised would optimise the efficiency of AMP's balance sheet, while increasing the company's flexibility to meet general funding requirements and support the refinancing of subordinated debt of the AMP group.
The offer is expected to open on 14 November.
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