Network Rail eyeing AUD as third issuance currency as nominal task grows

Network Rail (AAA/Aaa/AAA) is roadshowing in Australia in the week ending February 24 with the UK rail infrastructure agency emphasising its strong sovereign links as it aims to revive a Kangaroo programme that has lain dormant since 2006. The firm's treasury team hopes to be afforded pricing befitting a top-tier non-Eurozone agency borrower should Kangaroo issuance opportunities emerge.