Macquarie Bank launches domestic 10NC5 tier-two transaction

On 21 May, Macquarie Bank (A+/A2/A) launched a new 10-year non-call five-year (10NC5), Australian dollar denominated, tier-two, benchmark, floating-rate note transaction. Indicative price guidance for the forthcoming deal, expected to price on the day of launch, is 315 basis points area over three-month bank bills.