On 8 July, DBS Group Holdings (DBS) (Aa2/AA-) launched a new, three-year, senior-unsecured Kangaroo deal, to come in either or both fixed- and floating-rate format. The forthcoming deal has indicative price guidance of 75 basis points area over swap benchmarks and is expected to price on the day of launch. Commonwealth Bank of Australia, DBS, National Australia Bank, TD Securities and Westpac Institutional Bank are joint lead managers.