Deal flow started to pick up in the second week in February. In Australia, Westpac re-opened the domestic benchmark market for major banks in 2014 with a new A$3 billion (US$2.6 billion) dual-tranche five-year issue, while Goldman Sachs Group returned to the Kangaroo market. Meanwhile in New Zealand, Westpac NZ has built the largest domestic credit bond with a tap to its 2018 line.