On November 15 Transpower (AA-/A1) priced its NZ$200 million (US$150.2 million) offer of unsecured bonds, comprising a four-year floating-rate maturity and a seven-year fixed-rate note. The issue is Transpower's first public transaction in New Zealand since the first half of 2010, when it issued NZ$100 million in a 10-year inflation-linked deal.