Weekly Covers

◆ Final euro benchmark done at optimal time ◆ Spread to KfW was key, little NIP paid ◆ Investor work has 'really come into fruition'

◆ 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

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

◆ Finnish DMO's Sammallahti on 'sweet spot' tenor ◆ Close to fair value ◆ Asset managers willing to buy shorter

This week saw a 79% drop in euro volumes from same time last year

The food maker made its bond market debut in May

◆ 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

◆ Water company tests demand in a troubled sector ◆ Deal size increased to £450m ◆ Spread tightened 15bp inside the tight end of initial thoughts