Investors warned about $1.6 billion at risk
Proposed sale of UDC to a Chinese company could mean a huge increase in risk for debenture holders, says S&P.
ANZ Bank’s proposed sale of UDC Finance could mean a dramatic drop in credit quality for retail investors who owned almost $1.6 billion in UDC debentures at the end of September.
ANZ is proposing to sell UDC to China-based HNA Group for $660 million in a transaction which is expected to be
Want to read more? It's easy.
Choose your best value subscription option
Individual
Group membership
NBR Marketplace
Yearly Premium Online Subscription
NZ$499.00 / yearly
Monthly Premium Online Subscription
NZ$44.95 / monthly
Smartphone Only Subscription
NZ$24.95 / monthly
Premium Group Membership 10 Users
NZ$350+GST / monthly
$35 per user - Pay by monthly credit card debitPremium Group Membership 20 Users
NZ$600+GST / monthly
$30 per user - Pay by monthly credit card debitPremium Group Membership 50 Users
NZ$1250+GST / monthly
$25 per user - Pay by monthly credit card debitPremium Group Membership 100 Users
NZ$1875+GST / monthly
$18.75 per user - Pay by monthly credit card debitYearly Premium Online Subscription + NBR Marketplace
NZ$499.00 / yearly
Already have an account? Login
Jenny Ruth
Thu, 19 Jan 2017
Thu, 19 Jan 2017
© All content copyright NBR. Do not reproduce in any form without permission, even if you have a paid subscription.
Investors warned about $1.6 billion at risk
64290