HSBC Sydney Branch (HSBC Sydney) (AA-/Aa3) launched a new, Australian dollar-denominated benchmark deal on 27 November. The forthcoming three- and five-year floating-rate transaction has indicative price guidance in the area of 60 and 80 basis points respectively over three-month bank bills. The deal is expected to price the day after launch, according to leads ANZ, HSBC and National Australia Bank.