The pubs and hotels roll-up is understood to have already met with credit funds and other potential backers.
It would be interesting to see where pricing lands; our sister column Rear Window has previously reported PHG as paying interest rates as high as 18 per cent a year on its $500 million odd short-term borrowings.
First out the gate is Partners Group’s Guardian Childcare and Education, which is understood to be winding up its first round of investor presentations.
Sydney-based trader, Philip Tauberman, is the mystery “client” at the centre of a record $4.5 million penalty handed down by ASIC’s markets disciplinary panel to Openmarkets.