Brambles goes to US s144A market 29 March 2010 5:46PM Philip Bayley Offshore, Brambles finally put its newly acquired 'BBB+/Baa1' credit ratings to work and, as expected, it issued bonds in the US s144A market. Brambles accounts in US dollars, so a US dollar issue was always on the cards. Also, the firm's previous issues have been in the US Reg D market. Brambles sold five- and ten-year bonds at spreads of 137.5 basis points and 150 bps respectively, over US Treasury bonds. Westpac added A$50 million to its December 2013 EMTN, taking outstandings to A$200 million, and the Australian branch of Rabobank made three more additions to existing lines. Rabo added A$50 million to its January 2013 and 2015 lines and NZ$50 million to its December 2013 line to take outstandings to A$450 million, A$225 million and NZ$150 million, respectively.