AMP Bank launches 10NC5 tier-two deal

Thursday, 29 September 2022

Updated

Disclosure type: launch
Issuer name: AMP Bank
Issuer rating: BBB/Baa2
Expected issue rating: BB+ (S&P)
Announcement date: 29 September 2022
Expected pricing date:
Arrangers: Barrenjoey, UBS
Lead managers: Barrenjoey, National Australia Bank, UBS, Westpac Institutional Bank

Transaction type: subordinated tier-two notes
Currency: AUD
Indicative volume: ND
Tenor: 10-year non-call five-year
Coupon type: fixed-to-FRN and/or FRN
Price guidance: 450-475bp/swap benchmarks