Last week saw the two-week hiatus in issuance in the domestic corporate bond market come to an end with A$3.5 billion of bonds sold. European Investment Bank and ING Bank (Australia) completed issuance for the month of September, taking the total for the month to A$7.6 billion, and completed the largest volume of quarterly issuance yet seen, at A$32.3 billion. This is well in excess of previous quarterly records, which tended to occur in the first quarter of a year and, until now, have not exceeded A$25 billion. EIB undertook its third top-up of its May 2014 line since opening the line in May, while ING made its third issue for the year and since June, under an Australian government guarantee. EIB's A$550 million addition was reportedly priced in the high single digits over swap and at a spread of 69.5 basis points to CGS, taking outstandings to A$1.9 billion. The line was opened at a spread to swap and CGS of 75 bps and 112 bps, respectively. ING Bank (Australia) raised A$600 million in a single tranche issue of October 2012 bonds, priced at 20 bps over swap. This takes the total of government-guaranteed bonds issued by the bank to A$5.7 billion.