On October 31 Wesfarmers (A-/Baa1) launched and priced its first domestic transaction in more than two years. The new five-year A$500 million (US$526.8 million) issue was upsized from a launch volume of A$300 million and priced at the indicative margin of 150 basis points over swap. It follows a A$200 million 2016 transaction from Airservices Australia (AAA) on October 26, which priced at 110 basis points over swap and was the first Australian corporate transaction completed since early July.