On February 27, Oversea-Chinese Banking Corporation Sydney Branch (OCBC Sydney) (AA-/Aa1/AA-) priced a new Australian-dollar denominated, 4.25-year senior-unsecured benchmark issue. According to KangaNews data, the issuer most recently visited the domestic market in April last year when it added A$100 million (US$78.8 million) to its floating-rate 2017. That deal priced at 65 basis points over three-month bank bills.