Bank of Scotland unit launches A$ 2-year bond

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SYDNEY, Aug 14 (Reuters) - The Australian unit of Bank of
Scotland, a part of HBOS Plc HBOS.L, has launched a benchmark
size Australian dollar 2-year bond at a margin of 115 basis
points over swap, a fund manager said.

Commonwealth Bank of Australia, JPMorgan and RBC Capital
Markets are jointly leading the sale, with pricing expected
later on Thursday.

Bank of Scotland, Australia branch is rated AA by S&P and
Aa1 by Moody's.
(Reporting by Cecile Lefort)