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News: IFL IOOF Holdings Updates On P&I Business Transaction With ANZ

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    Jan 15 (Reuters) - IOOF Holdings Ltd (IFL) :

    • UPDATES ON ANZ P&I BUSINESS TRANSACTION
    • ANZ AND IOOF HAVE AGREED CERTAIN CHANGES TO CONTRACTUAL ARRANGEMENTS
    • AGREEMENTS TO LIKELY DELAY COMPLETION OF P&I ACQUISITION TO LATER THIS CALENDAR YEAR
    • IOOF - CHANGES PROVIDE COUPON RATE OF 14.4% PER ANNUM ON DEBT NOTE SUBSCRIBED BY IOOF FROM ANZ IN OCT 2018 WILL BE PAID UNTIL SFT IS COMPLETED
    • CHANGES ENABLE COMPLETION OF A SUCCESSOR FUNDS TRANSFER

    Source text : http://bit.ly/2RuK78c

    (([email protected];))

 
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