As for the debt issuance last week, Westpac and Citigroup dominated but weren't necessarily the most noteworthy. That distinction belongs to ME Bank (formerly Members Equity Bank), which issued A$500 million of three-year, government-guaranteed bonds after receiving bids for twice that volume. The bonds were priced at 50 basis points over bank bills/swap and were issued in equal sized floating and fixed rate tranches.ME Bank is only the third triple-B rated financial institution to issue under a government guarantee this year. Bank of Queensland was the first such issuer in January when it issued A$500 million of 2.75-year FRNs at 115 bps over bank bills. Last month, Heritage Building Society issued A$200 million of three-year FRNs at 75 bps over.Westpac was by far the largest issuer of the week, issuing A$2.0 billion of non-guaranteed, five-year bonds and adding a further A$410 million to its March 2014 government guaranteed line. The five-year, non-guaranteed issue was split into A$1.175 billion of floating rate notes and A$825 million of fixed rate notes. Both priced at 110 bps over bank bills/swap, 35 bps tighter than where the CBA priced a similar issue in early July.Citigroup issued A$1.25 billion of government-guaranteed bonds with a three-year term to maturity. The bonds priced at 43 bps over bank bills/swap and were divided, with A$800 million being in the form of FRNs and the remainder fixed.Kangaroo issuance continued with Kreditanstalt fuer Wiederaufbau adding A$300 million to its May 2015 line, first opened in April 2005. At that time the issue was priced at CGS+41 bps. The top-up was made at 80.3 bps over. Nordic Investment Bank appears to have done a little better with its issue of A$300 million of August 2014 bonds, which priced at CGS+65.5 bps.The Australian branch of Rabobank was the only offshore issuer last week, adding A$100 million to its August 2014 EMTN line to take outstandings to A$300 million.