Pacific National hires for A$, GBP or US$ 10yr bond
SINGAPORE, Aug 27 (IFR) - Pacific National Holdings, rated BBB–/BBB– (S&P/Fitch), the parent company of Pacific National Finance, has mandated BNP Paribas, CBA, Credit Suisse, MUFG and NAB to arrange investor meetings across Australia, Asia and the UK from September 2.
A benchmark Australian dollar, sterling or US dollar senior unsecured Reg S bond offering with a 10-year maturity may follow, subject to market conditions.
The proposed bonds will be issued through Pacific National Finance off the Australian rail freight operator's A$3bn MTN programme.
(Reporting by Daniel Stanton; Editing by David Holland)