Citibank N.A. Sydney Branch (Citibank Sydney) (A+/Aa3) launched a new Australian dollar denominated transaction on 6 November. The forthcoming deal is potentially comprised of three- and five-year floating-rate notes and a five-year fixed-rate tranche. Indicative price guidance for the three-year and five-year tranches is, respectively, 75 and 93 basis points area over swap benchmarks.
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