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News: IFL IOOF Holdings Completes Acquisition Of ANZ Aligned Dealer Groups

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    Oct 2 (Reuters) - Australia And New Zealand Banking Group Ltd (IFL) :

    • IOOF COMPLETES ACQUISITION OF ANZ ADGS
    • AN INITIAL PAYMENT BY IOOF OF $800 MILLION TO ANZ TO SUBSCRIBE FOR A DEBT NOTE
    • SUBSTANTIAL 'ECONOMIC' COMPLETION OF ANZ P&I BUSINESS FROM TUESDAY THROUGH INITIAL PAYMENT OF $800M BY CO TO ANZ TO SUBSCRIBE FOR A DEBT NOTE
    • ANZ TO PAY A COUPON RATE OF 14.4% TO IOOF FROM 2 OCTOBER 2018 UNTIL DEBT NOTE IS REDEEMED
 
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