AMP suspends AMPPB hybrid notes for redemption and removal

AMP has suspended its AMPPB hybrid notes, with removal and redemption to follow. Ordinary shares are unaffected.

Laura Stewart

Author bio Laura Stewart is a Finance Editor at The Motley Fool, where she covers Australian and international equity markets. She joined the company in 2022, following a career transition from legal advisory work in Southeast Asia into the investment industry. Prior to her current editorial role, Laura spent three years as an Equity Analyst and Writer, producing investment research across the ASX, NYSE, and NASDAQ. Her coverage included small-cap growth companies, thematic investment ideas, and high-quality U.S.-listed businesses. Laura holds a Master of Applied Finance and brings additional expertise in accounting, taxation, and estate and wealth planning from her postgraduate studies. She also has a background in law and communications, which supports her analytical and reporting work in financial markets. Outside of work, she enjoys spending time in the Adelaide Hills with her flock of sheep. Education Laura holds a Bachelor of Laws, a Bachelor of Communication (Journalism), and a Bachelor of Commerce with majors in Accounting and Corporate Finance. In 2025, she completed a Master of Applied Finance at the University of Adelaide, receiving postgraduate awards in Accounting Concepts & Methods, Ethical Principles in Accounting & Finance, Real Estate Valuation & Investment, and Tax, Estate & Wealth Planning. Social media LinkedIn FYI – I am taking a break from social media at the moment, so this account isn’t active at the moment, but I will let you know when I rejoin. Favorite investment quote "Compound interest is the eighth wonder of the world. He who understands it, earns it... he who doesn't... pays it." — Albert Einstein

Published December 5, 2025 6:35 am AEDT

Yesterday afternoon, AMP Ltd (ASX: AMP) announced the immediate suspension and upcoming removal of its AMP Capital Notes 2 (AMPPB) hybrid securities from quotation. The move follows the pending redemption of these notes, which only affects this specific security class.

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What did AMP report?

AMP Capital Notes 2 suspended from ASX quotation, effective immediately
Notes to be removed from quotation following redemption announcement
Redemption process covered under ASX Listing Rules 17.2 and 17.10
This change only applies to AMPPB; no impact on other AMP securities

What else do investors need to know?

The suspension means investors will no longer be able to trade AMP Capital Notes 2 on the ASX, pending the formal redemption process. AMP has advised the redemption details will be confirmed in a separate announcement, along with lodgement of the required appendix for cessation of these securities.

If you hold AMPPB notes, this action does not affect your ordinary AMP shares or any other securities. The broader AMP business and its main ASX shares continue to trade as normal.

What's next for AMP?

Investors can expect further announcements from AMP outlining the timing and process for redeeming the AMP Capital Notes 2. The company will also lodge the formal Appendix 3H to confirm cessation of these securities.

For holders of AMPPB, keep an eye on your broker or registry communications for details around payment and closure. Ordinary AMP shares and other quoted securities remain listed and unaffected.

AMP share price snapshot

Over the past 12 months, AMP shares have risen 5%, outperforming the S&P/ASX 200 Index (ASX: XJO) which has risen 2% over the same period.

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