The Unique Pub Company is preparing to sell £300m of asset-backed securities to refinance the acquisition of several hundred UK public houses in England and Wales.

The new bonds will take the size of the Unique's deal - which at £810m was already the largest ever pub-backed issue - to £1.1bn. Unique, which is owned by Nomura's Principal Finance Group, will hire Nomura International to sell the bonds. The issue will be priced in February, market conditions permitting.