HSBC Sydney starts marketing three-year Australian dollar deal

HSBC Bank Sydney Branch (HSBC Sydney) (AA-/Aa3) began taking indications of interest for a new three-year, domestic, floating-rate note, benchmark transaction on 20 May. The deal is being marketed at 50 basis points area over three-month bank bills, according to lead managers ANZ, Commonwealth Bank of Australia, HSBC, National Australia Bank and Westpac Institutional Bank.