There was much more offshore bond issuance in the month of October, just not that much last week. The only two reported offshore issues came from Coca-Cola Amatil, which sold US$400 million of debt in the US s144A market, and Commonwealth Bank.Coca-Cola Amatil (rated A-) sold five-year bonds at a very tight 95 basis points over US Treasuries. This would swap back to around 75 bps over swap, and a narrow spread.CCA has typically issued in the US Reg D market in the past and has one outstanding Eurobond issue denominated in yen. CCA also has two domestic issues outstanding, a A$250 million August 2010 FRN and a A$100 million March 2013 FRN.CBA sold 350 Swiss francs million of four-year Eurobonds on Friday night. Offshore issuance for the month of October 2009 stands at the equivalent of A$21.1 billion, making October the second largest month for the year to date. Most of this issuance came from the domestic banks, at A$18.6 billion, and much of this was done quietly with little being reported. Offshore issuance for the year to date now stands at the equivalent of A$148 billion.