Issues

International firms contend with rising swathe of locals set on hiring big name bankers as they tear into fee pool

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

◆ 'Tightest spread ever' in dollar SSA primary ◆ Flat or through fair value debated ◆ Technicals could push spreads even more

◆ Six year note from US automaker ◆ Order book lifts size to £400m ◆ Spread tightened 18bp inside the tight end of initial thoughts

◆ MetLife, Northwestern restart sterling issuance after two-month hiatus ◆ Corporates print as supply scarcity, redemptions create demand for credit ◆ Others beyond highly rated FABN unlikely to join

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

The country is taking an exchange rate risk, but perhaps not a big one

◆ Swiss engineering group prints two and five year bonds ◆ Shorter leg priced at the tight end of guidance ◆ First Swiss franc deal for Oerlikon since 2023

Supranational C-suiter and veteran banker added to DSR Bank body to bring MDB and market experience

◆ 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