All four firms are also involved in the government's partial privatisation programme.

The report has been completed but will not be made public because the details are commercially sensitive.

Fund manager meetings in Sydney and Melbourne suggest a dual listing for MRP's expected $1.5 billion equity raising.

Senior lenders had agreed to maintain their support during the sales process.

Tyndall Investment Management dumps its boutique New York-based fixed interest portfolio manager in favour of Goldman Sachs, citing in part fears about the quality of European bond issuance.