AMP has successfully completed the bookbuild for its AMP capital notes offer (capital notes) ahead of time. The size of the offer will increase from A$200 million to at least A$230 million.

The final size of the offer will depend on the volume of applications received and accepted under the securityholder offer and the general offer, which are expected to open on Tuesday, 3 November 2015.

The margin determined under the bookbuild is 5.10 per cent per annum over the bank bill rate, which is at the bottom of the expected range of 5.10 per cent to 5.30 per cent per annum.

Through the bookbuild process, AMP has allocated A$230 million of capital notes on a firm basis to syndicate brokers and institutional investors under the broker firm offer and institutional offer.

Full details of this investment opportunity, including the terms and conditions of the capital notes offer and application forms, will be set out in the replacement prospectus which is expected to be lodged with ASIC and the ASX on 3 November 2015.

Interested investors will be able to access the prospectus online at ampcapitalnotes.com.au or by requesting a prospectus by calling the numbers set out below. Anyone wishing to apply for capital notes will need to complete an application form attached to or accompanying the replacement prospectus.

There are risks associated with an investment in capital notes and investors should read the prospectus in full before deciding to invest. Potential investors should also consider obtaining guidance from their financial adviser or other professional adviser before deciding whether to invest.