Canadian Imperial Bank of Commerce Australian Branch (CIBC Australia) (A+/Aa2/AA-) launched a new, Australian dollar denominated one-year floating-rate note (FRN) transaction. The forthcoming transaction has indicative price guidance of 55 basis points over three-month bank bills. HSBC, National Australia Bank and Westpac Institutional Bank are joint lead managers.
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KangaNews's latest supplement focusing on sustainability in the Australian fixed-income market.