There was also some late issuance in the New Zealand domestic market with Dunedin City Treasury adding NZ$50 million to its April 2011 line, to take outstandings to NZ$90 million. The retail-oriented issue was priced at 100 basis points over swap. And Greater Wellington Regional Council issued NZ$50 million of February 2012 bonds at a margin of 130 bps over swap.Total issuance in the New Zealand domestic market reached a new annual record of NZ$10.6 billion, by our reckoning.   Issuers are already lining up for this year with both Fonterra Cooperative Group and Auckland International Airport flagging bond issues for this month and next. Fonterra said it is considering a NZ$300 million retail bond issue, to open in February, and Auckland International Airport expects to open this month an offer to raise NZ$50 million. AIA hopes to issue bonds with a 28 February 2014 maturity.