PNG’s Bank South Pacific valued at $1.5bn-$2.2bn ahead of ASX listing

The valuation for Papua New Guinea’s largest bank equates to between 1.5 times and 2.1 times its net tangible assets and 5.3 to 7.4 times on a price earnings basis.

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Bridget CarterMergers & Acquisitions Editor
Morgan Stanley analysts have estimated that Bank South Pacific is worth between $1.554 billion and $2.176 billion ahead of its plans to list on the Australian Sec

urities Exchange.

The valuation for Papua New Guinea’s largest bank equates to between 1.5 times and 2.1 times its net tangible assets and 5.3 to 7.4 times on a price earnings basis.

Morgan Stanley is working alongside UBS to float BSP on the Australian Securities Exchange, as first reported by DataRoom on March 8.

The Australian revealed that the bank was slated for a listing on the Australian boards in December last year.

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