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AMP ( (AU:AMP) ) just unveiled an announcement.
AMP Limited has announced the redemption of its $275 million AMP Capital Notes 2, which were issued in December 2019. The redemption will occur on 16 December 2025, with holders receiving $100 per note and a final distribution of $1.8508 per note. This action does not indicate future redemptions of other capital instruments, which would require prior approval from APRA.
The most recent analyst rating on (AU:AMP) stock is a Buy with a A$2.10 price target. To see the full list of analyst forecasts on AMP stock, see the AU:AMP Stock Forecast page.
More about AMP
AMP Limited is a financial services company operating in the industry, primarily offering investment management and financial planning services. The company focuses on providing various financial products and services, including regulatory capital instruments, to its stakeholders.
Average Trading Volume: 7,515,088
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$4.43B
Learn more about AMP stock on TipRanks’ Stock Analysis page.