CCB Sydney launches new domestic benchmark bond

On 14 November, China Construction Bank Sydney Branch (CCB Sydney) (A/A1/A) launched a new three-year, senior-unsecured benchmark floating-rate note in the domestic market. Indicative price guidance for the deal is 98 basis points area over three-month bank bills. ANZ, Commonwealth Bank of Australia, National Australia Bank, UBS and Westpac Institutional Bank are joint lead managers.