Uridashi flavour of the week 18 August 2008 4:45PM Philip Bayley NAB was busy offshore last week, particularly in the Uridashi market and raising Japanese yen. NAB raised $120 million with a two year maturity, NZ$100 million with an 18 month term to maturity and in the Euromarket raised ¥26.5 billion (approx $280 million) for three years. NAB also added €100 million to its March 2011 line, to take outstandings to €1.1 billion. NAB seems to have covered its funding shortfall of a couple of weeks back. Also active in the Uridashi market was Toyota Finance Australia, issuing NZ$345 million of August 2010 bonds. CBA undertook two small private placements raising $50 million and NZ$50 million for two years and Westpac tapped the s144A market raising US$645 million for one year at Libor+30bps.In New Zealand, BNZ added NZ$100 million to its May 2015 line, at a spread of 140bps, to take outstandings to NZ$180 million and ASB Finance issued CHF100 million of September 2010 EFRNs at Libor plus 75bps.