In a week shortened by the Easter long weekend, there were only three corporate bond issues in the domestic market. Westpac followed the example of National Australia Bank just two weeks earlier, with a benchmark sized three-year bond issue. The two-tranche issue comprised A$935 million of floating rate notes and A$815 million of fixed rated bonds, priced one basis point tighter than NAB's issue, at 76 bps over bank bills/swap.The Australian branch of Bank of Scotland Plc (rated A+) undertook its first bond issue since December 2009, and one that was the bank's first without an Australian or UK government guarantee since August 2008. The bank issued A$350 million and A$150 million of fixed and floating rate, two-year notes, priced at 145 bps over swap/bank bills.   KfW was the only other issuer, adding a further A$350 million to its March 2017 line, priced at CGS plus 75.5 bps, to take outstandings to A$1.2 billion. This is the third increase since the line was opened in March 2007. But the issuance highlight of the week was the A$350 million ABS issue by CNH Capital Australia via the CNH Capital Receivables Trust Series 2010-1. This is the first ABS issue for the year but follows three issues undertaken in the second half of last year, totalling more than A$1.9 billion and including a A$400 million issue from CNH Capital Australia Receivables Trust Series 2009-1.