Lloyds Banking Group (Lloyds) (BBB+/Baa1/A+) launched an Australian dollar-denominated 5.5-year deal on 12 September. Price guidance on the forthcoming transaction, which is expected to emerge in either or both of fixed- and floating-rate format, is in the area of mid 130s basis points over swap benchmarks. ANZ, National Australia Bank, Nomura, TD Securities and Westpac Institutional Bank are leading.