Citibank (A+/Aa3/A+) launched a new, three-year, senior-unsecured benchmark global Australian dollar deal, to come in either or both fixed- and floating-rate formats, on 9 May. Indicative price guidance for the forthcoming transaction is 75 basis points area over swap benchmarks. The deal is expected to price on the day after launch, according to joint bookrunners ANZ, Commonwealth Bank of Australia, Citi, National Australia Bank and Westpac Institutional Bank.