Further to comments made last week, Fonterra Cooperative Group closed its NZ$150 million retail bond issue on March 4, with the bonds listed for trading the next day on the NZDX. The six-year bonds will pay a spread of 145 basis points over swap to yield 6.83 per cent per annum.Transpower advised the market last week that it had sold HK$400 million of ten-year bonds, priced at Hibor plus 67 bps. The funds raised would convert back to just under NZ$75 million.Lastly, SBS Oreti Trust No.2, a securitisation vehicle of Southland Building Society, recently issued two new tranches of RMBS: Class 1-2 notes and Class 2-2 notes. This is in addition to the original Class 1 and 2 notes issued in March last year.The original issue comprised NZ$121.6 million of Class 1 notes and NZ$5.35 million Class 2 notes, to which has now been added NZ$143.7 of Class 1-2 notes and NZ$6.3 million of Class 2-2 notes. S&P affirmed its 'AAA' ratings on the Class 1 notes and assigned a 'AAA' rating to the Class 1-2 notes. The subordinated tranche 2 notes are not rated.