On 7 July, Societe Generale Sydney Branch (SocGen Sydney) (A/A1/A-) began taking indications of interest for its potential three-year, Australian dollar denominated, senior-preferred, floating-rate note, benchmark transaction. Initial price thoughts for the deal is 105 basis points area over three-month bank bills. ANZ, Mizuho Securities, SocGen and Westpac Institutional Bank are leading.