The Australian markets saw A$4.4 billion (US$4.52 billion) in issuance this week in three deals, in large part due to an Australian Office of Financial Management syndicated issue of $3.25 billion. In additon, BHP Billiton returned with the largest non-credit wrapped corporate bond deal in the domestic market. Aside from one supranational Kangaroo tap, issuance was generally subdued across all markets otherwise.