Learn To Invest
Stocks Special Reports LICs Credit Funds ETFs Tools SMSFs
Video Archive Article Archive
News Stocks Special Reports Funds ETFs Features SMSFs Learn

Company News Summary

IOOF Holdings Provides Update on the ANZ P&I Business Transaction

13 May 2019  |  09:57:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: Update on the ANZ P&I business transaction

IOOF Holdings provided an update on the progress of the acquisition of Australia and NZ Banking Group One Path Pensions and Investments (P&I) business (P&I Acquisition). The successor funds transfer (SFT), which was necessary to separate the ANZ P&I business products from OnePath Life and which was a condition to completion of the P&I Acquisition, has been completed. The coupon rate of 14.4% p.a. on the debt note subscribed by the Company from ANZ was re-set to 2%. The note is able to be redeemed by the Company.

Please click here for full details

See more ASX300 News Announcements