Australia's Pioneer Credit rises after $10.1 million portfolio acquisition
Sun 23:52
BUZZ-Australia's Pioneer Credit rises after $10.1 million portfolio acquisition ** Shares of Australia's Pioneer Credit PNC.AX gain as much as 3.7% to A$0.628, their highest since October 20
** Stock logs its biggest intraday gain since September 30
** Financial services firm enters into a three-year agreement with one of Australia’s four major banks, and completes first portfolio acquisition under the agreement
** Pioneer Credit says the portfolio acquired for A$14.4 million ($10.12 million) comprises nearly 17,000 customer accounts with a face value of nearly A$206 million
** YTD, PNC down 8.3%
($1 = 1.4225 Australian dollars)
(Reporting by Keshav Singh Chundawat in Bengaluru)
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