On March 1 Bank of China Sydney Branch (BoC Sydney) (A/A1/A) became the fifth Asian borrower to price an Australian dollar transaction in 2012 and the second Chinese bank to do so via a domestic branch. Oversea-Chinese Banking Corporation (AA-/Aa1/A+) priced its second-ever Australian dollar deal, a A$600 million (US$648.6 million) three-year floating rate note, on February 23.
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