Interesting situation developing at UDC with the investing public withdrawing large amounts of investment support, which really shouldn't be a surprise to ANZ given the potential change of ownership and possibly considerably lower credit rating to be forthcoming. ANZ having to step into the breech and provide heaps more funding support, the exact opposite of what they are trying to achieve with this sale.
https://www.interest.co.nz/business/...+December+2017
ANZ appear to have dug themselves a bit of a hole with this and no doubt are hoping it will eventually proceed...but will it ? Reports I have seen on CNBC a while back are that investment bankers in some US financial institutions have been instructed to stop work on HNA deals on the basis of the seriousness of their concerns over HNA's debt structure and its sustainability.
Meanwhile Heartland have been raising a lot more capital this year....hmmmm...could be an interesting 2018 coming up.