OCBC Sydney launches three-year domestic benchmark FRN deal

On 15 May, Oversea-Chinese Banking Corporation Sydney Branch (OCBC Sydney) (AA-/Aa1/AA-) launched a new, three-year, senior-unsecured domestic benchmark floating-rate note (FRN) deal. The forthcoming transaction has indicative price guidance of 64 basis points area over three-month bank bills and is expected to price on the day of launch.