BoC Australia launches three-year FRN

Bank of China Australia (BoC Australia) (A3/A-) launched a new, three-year domestic floating-rate note (FRN) deal on 29 October. The forthcoming transaction has indicative price guidance of 83-85 basis points over three-month bank bills and is expected to price on the day of launch. ANZ, BoC, Commonwealth Bank of Australia and Westpac Institutional Bank are joint lead managers.