Following a busy few months the New Zealand bond market continues to be vibrant, with retail-targeted deals from corporates generally receiving strong support. This week Auckland City Council closed its five-year bond issue significantly oversubscribed, while NZ Post set the rate for its subordinated bonds at 7.5 per cent and announced that the full allocation of oversubscriptions would be issued. In addition, Vector announced it may issue NZ$150 million of five-year senior bonds.