National Australia Bank's subsidiary, Bank of New Zealand, advised the NZDX that it intends to issue tier two bonds this week. The bank is looking to raise NZ$300 million or more, and expects to price the BBB+ rated bonds with a standard ten year, non-call five maturity, at 225 basis points to 250 bps over swap, in a bookbuild on Friday.Suncorp Group's core operating insurance company AAI Limited (formerly known as Vero Insurance Limited), rated A+, launched and priced its well flagged tier two subordinated debt last week.Through AAI, Suncorp raised A$225 million.The BBB+ rated notes with a 25 year, non-call five, maturity structure, priced at a margin of 330 bps over 90 day bank bills. The issue came less than a week after ANZ priced a BBB+ rated tier two subordinated debt issue with a ten year, non-call five, maturity structure at 270 bps over.