Momentum seems to be slowly building for true corporate bond issuance in the domestic market. Leighton Finance launched a minimum A$150 million, three-year bond issue on Thursday and was followed by Australian Prime Property Fund launching a similar issue on Friday. This makes the pair the third and fourth such issuers this year. To quickly recap, Tabcorp was the first true corporate to issue since Stockland Group issued A$175 million of bonds in October 2007. Tabcorp completed a A$284 million retail issue at the end of April and subsequent institutional investor demand prompted the issuance of a further A$150 million of identical but unlisted bonds, in mid-June. In the meantime, CFS Retail Property Trust issued A$125 million of bonds in the wholesale market.(AirServices Australia and Australia Post do not count as true corporate issuers, given their government ownership, and Volkswagen Financial Services Australia is not counted for obvious reasons.)Moreover, it seems we have as many as another three true corporate issuers lining up to follow Leighton and APPF. Dexus Property Group, the successor to DB RREEF Trust, reportedly plans to launch an issue early next week. Dexus has A$250 million of bonds maturing in February and while this may be coincidental, property trusts were once frequent issuers in the market and appear set to be so again. Then there is ASX subsidiary, ASX Clearing Corp, which is said to be looking to raise A$145 million; and Holcim Australia Finance, which has A$260 million of bonds maturing in less than three weeks and has reportedly already met with investors.