The cost of debt in the current market...
AMP is issuing subordinated notes (AQNHA) in April.
Face value: $100
Rating: A3/A- (high investment grade)
Initial Margin: 4.75
Step-up(in 2014): 7.125!!
MXUPA is currently 1.9 with step-up of 2
Amazing!
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mxupa presso and conf call, page-24
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