On 20 October, United Overseas Bank Sydney Branch (UOB Sydney) (AA-/Aa1/AA-) launched a new five-year, Australian dollar denominated, senior-unsecured, floating-rate note (FRN) transaction. Indicative price guidance for the forthcoming deal, which is expected to price on the day of launch, is 64 basis points area over three-month bank bills. ANZ is leading.