AMP Limited : AMP Bank’s Progress 2012-1 Trust upsized to A$650 million
05/18/2012| 02:21am US/Eastern
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18 May 2012
Public Affairs
Tel: 02 9257 6127
Email: media@amp.com.au
Website: AMP.com.au/media
AMP_AU
AMP Bank's Progress 2012-1 Trust upsized to A$650 million
Solid investor demand for AMP Bank's Progress 2012-1 Trust
RMBS has seen the transaction upsized from A$500 million to
A$650 million. In total there are 14 investors, including the
AOFM, participating across all tranches in the
transaction.
The AOFM co-participated in the Class A and Class AB Notes,
purchasing A$195.65 million and
A$30.78 million, respectively. All the remaining Classes of
Notes went to other external investors.
The strong collateral attracted investor interest across the
entire Note structure, with eight real money investors
participating in the deal.
Deutsche Bank and Westpac were Joint Lead Managers. Details
of the transaction are as follows:
Issue amount: A$650 million
Class A Notes (AAA (sf)/AAA sf): A$602.75 million (3.4yr)
BBSW +155bp Class AB Notes (AAA (sf)/ AAA sf): A$31.28
million (5.9yr) BBSW +285bp Class B1 Notes (AA- (sf)/n.r):
A$14.34 million (5.6yr) BBSW +425bp
Class B2 Notes (AA- (sf)/n.r): A$1.63 million (5.6yr)
undisclosed pricing
Media enquiries Amanda Wallace Phone: 02 9257
6168
Mobile: 0422 379 964
AMP Group Finance Services Limited
Level 24, 33 Alfred Street Sydney NSW Australia
ABN 95 084 247 914
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