National Australia Bank priced its first renminbi term funding on Friday. The bank issued RMB400 million of two-year senior unsecured notes. The currency is offshore renminbi. NAB will pay a coupon of 2.4 per cent.Westpac, meanwhile, announced another buyback of Commonwealth government guaranteed bonds on Thursday. This time it is seeking to buy back up to US$5 billion of bonds issued in the US s144A market.It is seeking to buy back four tranches in all: US$1.75 billion each of September 2014 bonds and floating rates notes, and US$1.2 billion and US$300 million of July 2014 FRNs and fixed rate notes, respectively.Westpac is proposing to buy back the fixed-rate notes at a margin flat to their US Treasury bond benchmark. The offer will close on June 11, if not before.              On Friday, Bank of Queensland launched a buyback of up to A$600 million across two tranches of senior unsecured notes due in early 2015. The BOQ buyback is open to holders of $450 million in 5.75 per cent fixed-rate notes and $510 million in floating-rate notes. Both tranches are due in March 2015. UBS will manage the offer, which is subject to a provisional maximum amount of $600 million, the bank said.