Mizuho Financial Corp marketed a senior bond on Tuesday, breaking the silence in the financial institutions bond market this week. The issuer attracted €1.7bn of orders, showcasing its established name in a quiet market.
The Japanese lender chose BNP Paribas, Goldman Sachs, HSBC, Mizuho and Natixis to run the deal.
They went out with initial price thoughts of 80bp area over mid-swaps.
Books had reached demand above €1bn two hours into the trade and guidance was set