In a repeat of its issuance strategy at the back end of 2009, on December 7 Stockland (A-) announced the completion of a new A$150 million (US$148.3 million) five-and-a-half year bond offer. The new line priced simultaneously with the buyback of A$149 million of the company's outstanding 2011 and 2013 bonds, the overwhelming majority of which fell in the shorter-tenor notes.