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General Finance seeing strong interest from UDC investors

The short term fixed interest market has been dominated by ANZ owned UDC over recent years.

Friday, April 5th 2019, 4:35PM

The Finance Company sector has been well established and active in New Zealand.

Names such as UDC, Marac, General Finance, etc. have been deposit takers for decades. As with Banks, there has always been takeovers, changes of ownership, and new startups regularly over the decades.

“The value to investors is that the interest rates are higher than banks and the terms can be tailored to the investors requirements. Investors can select unusual terms, like 11 months and 15 days, or 2 years 2 months and 22 days. This allows investors to have maturities that meet THEIR needs", said Brent King, Managing Director of General Finance.

With UDC advising the market in January 2019 that it will repay ALL deposits in Mid/Late 2019, investors are seeking alternates.

“There appears to be a market awareness that the size of this repayment ($922 million) will make it hard to for investors to find alternate investment. General Finance has noticed a significant lift in enquiry since January 2019", said King. The looming repayment plus the talk of interest rates dropping seems to be
making smart investors look seriously at the New Zealand owned businesses.


NB General Finance Ltd is wholly owned by NZ listed company General Capital Ltd.

Brent King is The Managing Director of both companies and also a significant shareholder of General Capital.

« Finance boost for UDC buyer

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