On 21 November, Sumitomo Mitsui Banking Corporation Sydney Branch (SMBC Sydney) (A/A1/A) revealed a book update for its three-year, Australian dollar denominated benchmark transaction, offered in either or both fixed- and floating-rate format. Indicative price guidance has been revised to 73-75 basis points area over swap benchmarks, after launching the day before with a margin range of 78 basis points area.