On 18 June, Barclays (BBB/Baa3/A) revealed initial price thoughts for a five- and 10-year Australian dollar denominated transaction. The five-year tranche will come in either or both fixed- and floating-rate formats and is being marketed at 225 basis points area over swap benchmarks, while the 10-year fixed-rate tranche is being marketed at 260 basis points area over semi-quarterly swap.
On 17 June, China Construction Bank Sydney Branch (CCB Sydney) (A/A1/A) launched a new, three-year, senior-unsecured domestic benchmark floating-rate note (FRN) deal. Indicative price guidance for the forthcoming transaction is 98 basis points area over three-month bank bills. Pricing is expected the day after launch, according to joint lead managers ANZ, Bank of China, CCB, Commonwealth Bank of Australia and HSBC.
On 13 June, Macquarie Bank (A/A2/A) began taking indications of interest for a three-year Australian dollar denominated benchmark transaction, offered in either or both fixed- and floating-rate note (FRN) formats and for a one-year senior-unsecured FRN. The three-year tranche has initial price guidance of 80 basis points area over swap benchmarks while the one-year tranche is being marketed at 45 basis points area over three-month bank bills.