Financial services and insurance firm AMP is seeking to raise $200 million from investors through new securities – only weeks after flagging a profit downgrade.

AMP is issuing unsecured and subordinated securities, which would be repaid after other debts are settled.

A cap has not been set on the maximum number of new notes.

The new securities are being issued less than a fortnight after AMP announced that troubles with its wealth protection business could reduce fourth quarter operating results by up to $65 million.