Macquarie Group (BBB/A3/A-) launched a new, domestic benchmark transaction on 7 December. The forthcoming deal will consist of a five-year, non-call four-year tranche in either or both of fixed- and floating-rate formats with indicative price guidance of 120 basis points area over swap benchmarks, and a 10-year fixed-rate tranche at 170 basis points area over swap. The deal is expected to price the day after launch, according to joint leads ANZ, Commonwealth Bank of Australia, Macquarie Bank, National Australia Bank and Westpac Institutional Bank.