The lesser of Queensland's two regional banks might still need an Australian government guarantee to sell its debt in volume to investors but the state of Queensland has worked out that it no longer needs the same help to do so.Queensland Treasury Corp on Wednesday opened a new November 2014 benchmark line. QTC sold A$4 billion of bonds, up from an initial offer of A$2 billion, on strong investor demand.The QTC bonds do not carry a Commonwealth government guarantee and were priced at just five bps over swap. Was QTC just a little bit hasty in obtaining a Commonwealth guarantee for all its other lines last year? NSW Treasury Corp was the other semi-government issuer last week. TCorp on Thursday priced a A$150 million addition to its November 2025 CIB line, taking outstandings to A$1.42 billion. The bonds were priced for a real yield of 3.5 per cent and were oversubscribed 2.3 times.Meanwhile on Tuesday the Australian Office of Financial Management sold A$350 million of inflation-linked bonds with a real yield of 2.705 per cent. The bonds, maturing in September 2025, were oversubscribed by 3.4 times. Offshore issuance volumes were greatly reduced last week. Westpac raised CHF200 million for seven years at mid-swaps plus 40 bps, EUR100 million for ten years and A$100 million for almost four years. ANZ also raised A$100 million for three years, in the Euromarket.