KfW, Council of Europe Development Bank and European Investment Bank were all active last week and Investec (Australia) got in some government-guaranteed issuance. KfW tapped its December 2019 line for the third time since opening in November 2009. It added A$350 million at 41 bps over swap, to take outstandings to A$1.35 billion. The line was opened at 55 bps over swap.CoE also tapped its September 2014 line for the third time, with an addition of A$125 million taking outstandings to A$875 million. The line was opened last September at 20 bps over swap and this latest addition was made at the same margin.EIB added A$600 million to its April 2015 line, taking outstandings to A$2.1 billion. The addition was priced at 29 bps over swap.Investec (Australia) issued $300 million of government-guaranteed, five-year FRNS at 40 bps over bank bills.Lastly, Reuters reported that Volkswagen has approached investors looking to issue A$100 million to A$200 million of four-year bonds, with a credit spread of 230bps. Volkswagen Financial Services Australia last issued in November 2009 for three years, at a spread of 200 bps.