Guaranteed issuance firing again as Samurai window opens

Australian government guaranteed issuance spiked up again last week led by Westpac Banking Corporation (AA/Aa1) (Westpac)'s massive yen transaction – the largest ever by an Australian issuer at ¥245.3 billion (A$3.97 billion). Total Australian guaranteed issuance reached the equivalent of US$4.01 billion in the week – almost double the previous two weeks combined.