Issuance activity remains relatively subdued in the domestic corporate bond market. Perhaps not surprisingly there has been no sovereign or supranational issuance (which might be affected by a notional US default), but Met Life has returned to the market, after making its debut just on a year ago, while Mirvac was the only other issuer.MetLife (rated AA-) raised A4375 million for five years at a spread of 161.5 basis points over CGS. Last year it raised A$500 million with the same term to maturity, and paid 155 bps over swap.Mirvac (BBB+) sold A$200 million of seven year bonds, priced at 195 bps over swap.CBA's New Zealand subsidiary, ASB Bank (AA-), raised HK$775 million for three years. The floating rate notes were priced at 49.75 bps over Hibor.