On July 17 Bank of Scotland Australia Branch (BoS Australia) (A+/Aa3/AA-) priced its three-year domestic transaction supported by the UK government guarantee, selling a total of A$1.75 billion (US$1.41 billion) of fixed and floating paper at 70 basis points over swap and bank bill swap rate (BBSW) in a deal the issuer says was oversubscribed.
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