OCBC Sydney launches Australian dollar three-year benchmark green bond

On 26 November, Oversea-Chinese Banking Corporation Sydney Branch (OCBC Sydney) (AA-/Aa1/AA-) launched a three-year, Australian dollar denominated, floating-rate note, benchmark green-bond transaction. The forthcoming deal is being marketed at 65 basis points area over three-month bank bills. Pricing is expected on the day of launch, according to ANZ, BNP Paribas, Commonwealth Bank of Australia, OCBC and Westpac Institutional Bank.