On August 12, Nordic Investment Bank (NIB) (AAA/Aaa) increased its September 2025 Kauri bond by NZ$50 million (US$35.9 million). According to KangaNews data, the line was introduced in August last year for volume of NZ$75 million and pricing of 32 basis points over mid-swap. The line has be tapped a further two times – most recently in April this year for NZ$25 million at 63 basis points over mid-swap.