On November 13, China Construction Bank Sydney Branch (CCB Sydney) (A/A1/A) priced its inaugural Australian dollar floating-rate note (FRN) deal. According to KangaNews data, the issuer is the sixth Asian-origin bank to issue a domestic deal through its local branch this year. Most recently on November 7, Bank of China Sydney Branch priced an Australian dollar domestic FRN transaction with a volume of A$500 million (US$469 million) and pricing of 110 basis points over bank bill swap rate.