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.
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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
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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.
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Investors warned about $1.6 billion at risk
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