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AMP Group Finance Services
9.80% 15 May 2014/01 Apr 2019
| Indicative market yield (% pa) | 5.50 |
| Indicative market price (%) | N/A |
| Issuer | AMP Group Finance Services |
| Amount on issue (NZ$m) | 115.4 |
| Issuer type | Financial institution |
| Description | Subordinated Callable Bond |
| Security ranking | Subordinated |
| Assumed maturity date | 15 May 2014 |
| Legal maturity date | 01 Apr 2019 |
| Credit rating | A- |
| Current coupon | 9.80 |
| Coupon type | Fixed Quarterly |
| Next coupon reset date | 15 May 2014 |
| Coupon reset at | 3m BKBM plus 7.13 |
| Election/Conversion date | N/A |
| First & future call dates | 15 May 2014 |
| Margin reset date | 15 May 2014 |
| Margin reset | 3m BKBM plus 7.125 if not called |
| NZX Code | AQN010 |
| Holdings - minimum/increments ($) | 5,000/1,000 |
| Issue documentation | Click here |
On the margin reset date, the issuer has the option to either:
- call (repay the bonds in cash) the bonds, or
- leave the bonds on issue until the legal maturity date.
If the issuer elects to leave the bonds on issue, the coupon rate will be set at the margin reset rate.
The information contained on this page details certain terms of the bonds extracted fromd from sources that interest.co.nz believes to be accurate and reliable. interest.co.nz accepts no liability for any omissions or errors contained in this information. Any prices and/or yields displayed are indicative only and are subject to change. The information contained on this page must not be construed as a recommendation or advice by interest.co.nz to buy, sell, hold or otherwise deal with the bond.
The information contained on this page details certain terms of the bonds extracted from sources that interest.co.nz believes to be accurate and reliable. interest.co.nz accepts no liability for any omissions or errors contained in this information. Any prices and/or yields displayed are indicative only and are subject to change. The information contained on this page must not be construed as a recommendation or advice by interest.co.nz to buy, sell, hold or otherwise deal in the bonds.
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