Article tagged with 'UDC'
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ANZ completes UDC sale
01 Sep 2020 - ANZ has completed the sale of vehicle and asset finance business UDC Finance to Shinsei Bank following Overseas Investment Office (OIO) approval.
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ANZ sells UDC – again
02 Jun 2020 - ANZ has agreed to sell its asset finance business, UDC Finance Limited (UDC), for $762 million to Shinsei Bank, a higher price than that of the blocked 2017 sale to HNA.
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UDC debenture programme all paid out
21 Dec 2019 - ANZ-owned finance company has completed the closure of its debenture programme. The bank says election packs were sent to around 4,500 debenture holders with $470 million invested in the programme. Investors were given the choice to convert to an equivalent ANZ product or have t...
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S&P's latest verdict on UDC
23 Sep 2019 - UDC has had its credit rating increased from BBB to 'BBB+ and its outlook is recorded as stable. S&P says the upgrade reflects UDC's improved risk-adjusted capital ratio, which makes it more likely that the finance company will maintain very strong capital levels over the next 1...
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UDC profit lifts
28 Jun 2019 - UDC Finance has made a strong start to the financial year, reporting a net profit after tax of $34.7 million for the six months to March 31, 2019.
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Record profit for UDC
12 Dec 2018 - UDC Finance has posted a record net profit after-tax of $65.3 million for the year to September 30, a 6% increase on the prior financial year.
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ANZ not pursuing UDC IPO
31 Oct 2018 - ANZ will not pursue an initial public offering (IPO) of UDC Finance.
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UDC posts profit
21 Jun 2018 -
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UDC IPO considered
20 Mar 2018 -
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ANZ plan to sell UDC Finance stalled
21 Dec 2017 - The Overseas Investment Office has rejected an application from China-based HNA to buy UDC Finance, from ANZ for $660 million.