After its longest period without a deal so far in 2013 – nearly three weeks, according to KangaNews data – the Kauri market resumed on May 23 as Nordic Investment Bank (NIB) (AAA/Aaa) priced an increase to its five-year bond. Overall the Kauri market remains on record pace, with NZ$3.825 billion (US$3.1 billion) now priced this year, and a solid second half could see the all-time annual issuance record broken.