Bank Australia launches A$100 million three-year sustainability bond

On 26 November, Bank Australia (BBB/Baa1) launched a A$100 million (US$67.8 million) three-year, floating-rate note, sustainability bond transaction. Indicative price guidance for the forthcoming deal, which is expected to price on the day of launch, is 90-93 basis points area over three-month bank bills. ANZ and National Australia Bank are leading.