AMP gets push-back on Swiss bond

摘要

Swiss investors appeared to push back on amp croup's bond offering last Tuesday as the scandal-hit Australian financial services company sold a debut SFr110m (US$112m) 4.5-year note. The 0.75% December 19 2022s printed in line with official guidance of mid-swaps plus 85bp area, broadly in line with AMP Group's local curve, according to the leads, who also said that the issuer had met its size target. However, pricing was well outside initial 65bp-70bp soundings, at which level the trade gained little traction.