13 May 2011

AMP NZ increases bank debt facility

6:08 am on 13 May 2011

AMP New Zealand Office has increased the size and term of its funding arrangements, by securing a new $400 million bank debt facility.

The new facility replaces an existing $342.5 million facility, most of which is due to expire later this year.

The new funding will be provided by ANZ, ASB Institutional and BNZ.

AMP New Zealand Office shares have risen 1 cent, to 83 cents.