Australia's Pioneer Credit gains most in over 5 weeks on strong portfolio

Pioneer Credit

08/12/2021 04:58

** Shares of Pioneer Credit  PNC.AX  rise as much as 9.3% to
A$0.590, on track for their biggest single day pct gain since
Nov. 1
    ** Financial services firm secures A$400 mln ($285.52 mln)
in performing credit arrangements with customers  urn:newsml:reuters.com:*:nASX7JXCXQ
    ** PNC's portfolio consisted of A$1.9 bln of debt
outstanding, as at Oct 31 
    ** Says surpassed A$400 mln in performing arrangements at a
compound annualised growth rate of more than 19%, comprising
more than 90% of Australian bank originated debt   
    ** PNC hits highest since Nov. 30
    ** More than 181,900 shares change hands, vs the 30-day
average volume of 159,000 shares 
    ** Down 1% so far this year, as of last close


($1 = 1.4010 Australian dollars)

 (Reporting by Roushni Nair in Bangalore)
 ((Roushni.Nair@thomsonreuters.com))