AMP completes capital raising
AMP has now completed the institutional placement announced this morning, raising $450 million in new capital through a placement of 85 million shares at $5.30 per share.
The group increased the size of its announced placement, from $400 million to $450 million, “in response to strong support from investors”.
AMP said it made the placement to “enhance its capital position and increase business flexibility through the ongoing market turbulence”.
AUTHOR
Mike Taylor
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