Nordic Investment Bank returned to the New Zealand domestic market last week with a NZ$100 million addition to its April 2015 line. The line was opened at NZ$100 million in March last year and priced at 120.5 basis points over New Zealand government bonds. Last week's increase to NZ$200 million was priced at NZGB+42 bps.Bank of New Zealand set the coupon rate on its forthcoming NZ$150 million hybrid security issue at 9.1 per cent or 409 bps over the five-year swap rate. Offshore, BNZ raised US$60 million for three years. With the benefit of a government guarantee, the debt was priced at Libor plus 70 bps. The New Zealand Debt Management office sold NZ$50 million and NZ$150 million of December 2017 and May 2021 bonds on Friday. Weighted average yields were 6.03 per cent and 6.63 per cent, respectively. Oversubscriptions were 3.6 times and 3.1 times.