BoCom Sydney taking indications of interest for three-year Australian dollar FRN

Bank of Communications Sydney Branch (BoCom Sydney) (A-/A2) began taking indications of interest for a potential three-year, Australian dollar denominated, senior-unsecured, floating-rate note (FRN), benchmark transaction on 23 September. The deal is being marketed at 88 basis points area over three-month bank bills. ANZ, Bank of China, HSBC, Industrial and Commercial Bank of China and National Australia Bank are leading.