On November 20, ING Bank Sydney Branch (ING Sydney) (A+/A2/A+) priced a new five-year Australian dollar benchmark transaction. According to KangaNews data, the issuer's previous domestic bond deal priced in August this year – the dual-tranche issue had a total volume of A$750 million (US$702.5 million) with pricing of 120 basis points over swap.

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KangaNews is the trading name of BondNews Limited, a company registered in the UK and Australia. With our head office in Sydney and a satellite office in Europe, we are positioned to provide a one-stop information service on the Australasian fixed-income markets.
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