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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, 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...MORE»

Finance boost for UDC buyer

Monday, July 3rd, 8:34PM

TIP Trailer Services, a subsidiary of HNA Group leading the purchase of UDC from ANZ, has secured new financing arrangements to a total of $2.7 billion for UDC which will be effective when the sale is complete.

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UDC vote approves trust deed change

Wednesday, June 21st, 7:33PM

UDC Finance debenture holders have voted to pass a special resolution to change the company's trust deed, clearing the way for sale.

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Previous News

UDC: On track for sale

Tuesday, June 6th, 7:21PM

UDC Finance says its half-year profit of $30.2 million positions it well for new ownership.

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FMT ticks over $500m in investments

Thursday, May 4th, 8:10AM

While banks clamp down on lending and restrictions tighten for investors, one non-bank lender has more money to offer than ever.

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Shareholders chip in

Monday, April 10th, 6:00AM

Kiwibank has had to go to its new shareholders for more money.

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UDC gets downgraded on sale news

Thursday, January 12th, 10:23AM

UDC has had its credit rating down-graded following ANZ's announcement it plans to sell the business to a private Chinese conglomerate, and questions are raised about the future of the finance company.

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ANZ sells UDC Finance

Wednesday, January 11th, 11:21AM

ANZ Bank New Zealand  has agreed to sell its asset finance business, UDC Finance, for $660 million to HNA Group.

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