On 2 July, Toronto-Dominion Bank (TD Bank) (AA-/Aa1) revealed plans for a new, five-year, Australian dollar denominated senior Kangaroo benchmark transaction, offered in either or both fixed- and floating-rate formats. ANZ, Commonwealth Bank of Australia, DBS Bank, National Australia Bank, Standard Chartered, TD Securities and Westpac Institutional Bank have been mandated for the transaction, which is expected to launch in the near future. The deal is bail-inable and is expected to be rated Aa3/A.