AMP Bank upsizes new 2014 FRN to A$250 million [UPDATED]

On July 1, AMP Bank (A/A2) launched and priced the first domestic transaction in a week and its second senior unsecured deal this year. The new A$250 million (US$267.8 million) June 2014 floating rate note (FRN) was upsized from a launch volume of A$150 million and priced at 120 basis points over the bank bill swap rate (BBSW). The issuer already has a February and April bond outstanding in the 2014 part of its domestic curve.