The Sydney branch of Industrial and Commercial Bank of China (rated A), the largest bank in China and arguably the largest in the world, very quietly made its market debut. The bank raised A$59 million for 4.5 years and paid 145 basis points over bank bills.Suncorp (rated A+) was the benchmark issuer in the domestic corporate bond market last week. Suncorp's issue followed that of ANZ the week before and, while not of the same volume as ANZ, it established the pricing relativity between the two.Raising funds for five years, as did ANZ, Suncorp paid precisely 20 bps more at 138 bps over the bank bill swap rate. The bank sold $600 million of floating-rate notes and $150 million of fixed-rate notes.Greater Building Society (rated BBB) rolled over the $30 million that it had raised a year earlier, for another year. This time the funds were priced 20 bps wider, at 90 bps over bank bills.IMF Bentham Limited (not rated) sold $30 million of June 2020 bonds at a yield of 7.4 per cent. The bond issue arranged by FIIG Securities, is callable in June 2019 and provides for a coupon step-up of one per cent should shareholders' funds fall below $100 million. Another notable issue last week was the opening of a new October 2026 line, at $225 million, by Asian Development Bank (rated AAA). The bonds were priced at 59.25 bps over commonwealth government securities, to yield 3.0375 per cent.The Sydney branch of Royal Bank of Canada (rated AA-) tapped an existing line.The bank added $165 million to its June 2026 line, to take the total outstanding to $310 million. The tap was priced at 130 bps over swap to yield 3.7375 per cent.Refinancing was the theme of the week in the structured sector.First to market was Pepper Group, refinancing the A1-u2 notes issued in the Pepper Residential Securities Trust No.12 transaction of 2014. The note has been issued twice, denominated in US dollars and with 12-month bullet maturities.This time the new AR-u notes, worth A$60 million, have a weighted average life of 1.5 years, and were priced at 155 bps over 30 day bank bills.Commonwealth Bank also refinanced the A2 notes from its Medallion Trust Series 2011-1 transaction, with a $525 million issue of A2-R notes. The original A2 notes were issued as bonds with a fixed coupon of 110 bps over swap, and five-year term to maturity.The A2-R notes have a WAL of 3.9 years and will yield 140 bps over 30 day bank bills.Korea Development Bank (rated AA-) made its debut in New Zealand's corporate bond market. KDB sold NZ$200 million of three year FRNs, priced at 105 bps over bank bills.Invercargill City Council (rated AA) made its market debut last October and returned last week with two NZ$15 million note issues. The three-year FRNs were priced at 50 bps over bank bills and the five-year fixed rate notes will yield 3.16 per cent.The Local Government Funding Agency (rated AA+) completed tenders for four lines