Offshore debt issuance was somewhat more subdued last week. Westpac raised Swiss francs in the Euromarket in two tranches, the Australian branch of Rabobank raised New Zealand dollars in the Euromarket and, as flagged last week, Toyota Australia Finance priced two Uridashi issues. Westpac raised 300 million Swiss francs for five years with a fixed coupon of 2.125 per cent and 225 million Swiss francs for nine years paying a fixed coupon of 3.125 per cent. Rabobank raised NZ$100 million, paying 4.75 per cent fixed for three years.Toyota raised A$139 million and A$195 million for two years and three years with coupons of 4.68 per cent and 5.46 per cent, respectively. Toyota also registered three more Uridashi issues in Australian and New Zealand dollars and South African Rand, for December 18.Commonwealth Bank will tap the Uridashi market as well and has registered four Uridashi issues, scheduled for the end of December in a mix of US dollar, Australian dollar and South African rand.