The steady flow of bond issuance by Australian borrowers in the US s144A market is continuing. Yesterday, Suncorp Bank announced it had raised a total of US$850 million for three years, in the market.The borrowing comprised a US$500 million tranche of fixed-rate bonds, priced at 80 basis points over US Treasury bonds, and US$350 million of float-rate notes priced at 70 bps over US Libor.Suncorp sold bonds totalling US$5 billion, with maturities ranging from one to three years in 2009. These bonds came with an Australian government guarantee, as was the practice for all banks at the time.Prior to the GFC, Suncorp was a reasonably active issuer in international bond markets but only returned to the Euromarket last year, with a small €70 million, two year FRN issue, in August.Demand for Suncorp's s144A bonds was strong with an order book totalling US$1.36 billion. Forty-six investors participated in the fixed rate tranche and 36 in the floating rate tranche.