On 18 June, Barclays (BBB/Baa3/A) revealed initial price thoughts for a five- and 10-year Australian dollar denominated transaction. The five-year tranche will come in either or both fixed- and floating-rate formats and is being marketed at 225 basis points area over swap benchmarks, while the 10-year fixed-rate tranche is being marketed at 260 basis points area over semi-quarterly swap.
On 17 June, China Construction Bank Sydney Branch (CCB Sydney) (A/A1/A) launched a new, three-year, senior-unsecured domestic benchmark floating-rate note (FRN) deal. Indicative price guidance for the forthcoming transaction is 98 basis points area over three-month bank bills. Pricing is expected the day after launch, according to joint lead managers ANZ, Bank of China, CCB, Commonwealth Bank of Australia and HSBC.