On 25 March, Heartland Bank revealed plans for a new, five-year deal to be offered to institutional and New Zealand retail investors. Full details for the potential transaction are expected to be released on 1 April. BNZ is arranger and lead manager alongside Commonwealth Bank of Australia, Deutsche Craigs and Westpac Banking Corporation New Zealand Branch.
Industrial and Commercial Bank of China Sydney Branch (ICBC Sydney) (A/A1/A) launched a three-year floating-rate note (FRN) domestic benchmark on 21 March. The forthcoming deal has indicative price guidance of 104 basis points area over three-month bank bills and is expected to price the day after launch, according to joint bookrunners ANZ, ICBC, National Australia Bank and Westpac Institutional Bank.