Liberty Financial (Liberty) (BBB- by S&P) launched a minimum A$100 million (US$71.7 million) three-year domestic floating-rate note (FRN) transaction on 26 February. The forthcoming deal is being marketed in the area of 325 basis points over three-month bank bills and is expected to price on the day of launch. National Australia Bank and Westpac Institutional Bank are joint lead managers.