BoC Sydney launches three-year Australian dollar FRN
- Tuesday, 10 April 2018
On 10 April, Bank of China Sydney Branch (BoC Sydney) (A/A1/A) launched a new, three-year Australian dollar-denominated benchmark floating-rate note (FRN) transaction. Indicative price guidance for the forthcoming deal, which comes hot on the heels of a Bank of China New Zealand domestic launch, is 108 basis points area over three-month bank bills.
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