Oct 26 (Reuters) - AMP Ltd AMP.AX :
* AMP announces launch of AMP Capital notes offer
* Announced the launch of the offer of new additional tier 1 capital securities, AMP Capital notes (capital notes).
* Says capital notes are expected to be listed on the asx under the code `amppa'
* Says offer is expected to open on 26 October 2015 and will be made to eligible securityholders, institutional investors
* Says AMP is seeking to raise A$200 million through the issue of capital notes, with the ability to raise a higher or lower amount
* Capital notes will mandatorily convert into AMP shares on 22 December 2023
* Capital notes are unsecured and subordinated
* Says the margin expected to be in the range of 5.10 per cent to 5.30 per cent per annum
* Capital notes are expected to begin trading, initially on a deferred settlement basis, on the asx on 1 December 2015.
* Issuance are in anticipation of loss of transitional arrangements on existing A$600 million axa subordinated notes as regulatory capital in March 2016
* Source text for Eikon ID:nASX1g6k09
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