On 23 May, Zurich Finance Australia (Zurich) (A+/A1) launched a debut five-year senior-unsecured benchmark Australian dollar transaction. The forthcoming deal is being marketed at 100 basis points area over semi-quarterly swap. Pricing is expected on the day after launch, according to lead managers ANZ, Citi, National Australia Bank and UBS.
On 21 May, Industrial and Commercial Bank of China New Zealand (ICBC NZ) (A/A1) revealed plans to meet fixed-income investors regarding a possible New Zealand dollar-denominated deal. ANZ and Westpac New Zealand are arranging the meetings.