Banks

◆ Softer open no problem for Dutch bank ◆ Market ready and willing to buy size ◆ Investors show large preference for one tranche over the other

New primary bond boss returns to market after spell away

Diverse deals hit US market as investors look for yield pick-up across issuer types and formats

Two years after acquiring Greenhill, Mizuho has bought another advisory boutique as part of its aim to become a top 10 force in global investment banking

◆ Deal lands at record spread through OATs ◆ Immediate performance pushes OAT spread tighter ◆ Investors still keen despite tight price

◆ BBVA opts to go long amid attractive absolute spread levels ◆ Pays slim concession ◆ Higher paying RBI lands flat to fair value backed by strong demand

High demand for senior and tier two debt keeps deals rolling in

◆ Deal one of the tightest of the year ◆ Granular book peaks at over €2.2bn ◆ Slim to no premium paid

◆ Popular trade performs in secondary ◆ Performance erases premium ◆ NAB offers an attractive relative value proposition

◆ Investors seek duration for spread and yield ◆ Mizuho accelerates issuance timing to capture attractive 10 year funding ◆ Athene pulls in spread buyers to its longest G3 bond

◆ Austria bank compresses funding cost as investors remain avid buyers of tier two bonds ◆ Product described as 'most attractive' within the FIG capital structure ◆ Deal lands with negligible premium, if any

Curve underperformed but ‘there is demand at these wider levels’