Bonds with five-year terms have suited bank issuers lately. They account for 85 per cent of issuance in January, so far.Citigroup (rated A-) sold kangaroo bonds last week with the sale of evenly divided tranches of fixed and floating rate notes with a five-year term to maturity. Citigroup raised a total of A$500 million priced at 150 basis points over bank bill swap rates.The only domestic issuer last week was GE Capital Australia Funding (AA+), which sold A$500 million of fixed and A$250 million of five-year floating rate notes, priced at 120 bps over bank bills swap rates.Offshore, ANZ sold £500 million of three-year covered bonds, at a spread of just 27 bps over Libor. The issue was launched at £300 million but demand was sufficient for the deal to be upsized, even though many of the bids came in at more the 30 bps over Libor.Commonwealth Bank is understood to have completed a benchmark sized, euro denominated, six-year bond issue. Pricing was said to be in the high 50s over swap.