AMP prepares a new domestic senior deal

AMP Bank (AMP) (A+/A2) mandated a new Australian dollar transaction on December 2, in what will be the issuer's first senior-unsecured domestic deal of 2015. According to KangaNews data, AMP last issued in this format in May 2014, pricing a A$500 million (US$366.2 million), four-year deal with pricing of 87 basis points over bank bill swap rate (BBSW).