On 18 July, ANZ Banking Group (ANZ) (AA-/Aa3/AA-) launched a new, benchmark, 10-year non-call five-year, domestic tier-two deal. The self-led floating-rate note transaction has indicative price guidance of 210 basis points area over three-month bank bills and is expected to price on or before 19 July. The notes are expected to be rated BBB/Baa1/A+.