4 Mar 2009

AMP seeking to refinance debt

12:36 pm on 4 March 2009

AMP is issuing listed debt securities for Australian and New Zealand investors to help it refinance debt.

The company will offer AMP notes that are 10-year securities, and investors can apply for a minimum investment of $5000 worth.

AMP says it has been evaluating options to raise tier 2 capital to meet general funding requirements and support the refinancing of subordinated debt.