On August 16, Mizuho Bank Sydney Branch (Mizuho Sydney) (A/A1) priced A$600 million (US$462.2 million) in a new, August 2019-maturity senior-unsecured domestic benchmark deal. Initial price guidance on the transaction was in the area of 115 basis points over three-month bank bill swap rate (BBSW) or semi-quarterly swap. According to KangaNews data, Mizuho Sydney's last benchmark-sized foray into the domestic market was in Mary last year when it printed A$700 million (US$535.1 million) of five-year floating rate notes at 105 basis points over BBSW.