The domestic corporate bond market last week saw the welcome return of another true corporate issuer. Downer EDI (rated 'BBB' by Fitch Ratings) sold A$150 million of four-year bonds at swap plus 375 basis points. The issue was launched at a minimum size of A$100 million but capped at A$150 million. The pricing of the issue at 375 bps is possibly generous but no doubt helped with selling A$150 million of bonds.  Comparable pricing seen this year is as follows: •  Wesfarmers, rated BBB+, sold A$500 million, five-year debt at 260 bps over swap in early September 2009.• Holcim Australia Finance, BBB, sold A$500 million, three-year debt at 335 bps over swap in early August.• Leighton Finance, BBB, sold A$230 million, five-year debt at 400 bps over swap in late July.• Dexus Property Group, BBB, sold A$160 million, five-year debt at 450 bps over swap, also in late July.The bonds include a coupon step-up of 125 bps should Downer be downgraded to junk. In contrast though, it is worth noting that the issue follows a NZ$150 million, three-year, bond issue by subsidiary, Works Finance (NZ) Ltd., in June. That issue was priced at 500 bps over swap.