HSBC launches three-year benchmark deal

On 8 August, HSBC Sydney Branch (HSBC Sydney) (AA-/Aa3) launched a benchmark three-year domestic transaction. The forthcoming deal will come in either or both fixed- and floating-rate formats and is being marketed at 75 basis points area over swap benchmarks. Pricing is expected on the day of launch, according to lead managers Commonwealth Bank of Australia, HSBC and Westpac Institutional Bank.