Credit Suisse Sydney launches domestic three-year FRN

On 19 May, Credit Suisse Sydney Branch (A+/A1/A) launched a three-year, floating-rate note (FRN) deal with indicative price guidance of 130 basis points area over three-month bank bills. Pricing is expected on the day of launch. ANZ, Commonwealth Bank of Australia, Credit Suisse, National Australia Bank, TD Securities and Westpac Institutional Bank are joint lead managers.