Trans-Tasman AMP deal cheaper than equity funds, issuer says [UPDATED]
- Thursday, 05 March 2009
The issuer of the first corporate bond offering in Australia for over a year – a deal which is also the first to take advantage of trans-Tasman joint offering rules – says the transaction’s target margin offers an attractive alternative to equity funding. AMP (A/A2) launched its lower tier two (LTII) deal to Australian and New Zealand investors on March 3.
