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Mizuho SUN FV (EUR500m WNG 6NC5 Green, EUR B’Mark 10Y)

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  • IPT given at MS+130-135bps, MS+160a.
  • We see FV around MS+95a, MS+125a.
  • Curve is up to 3bp wider on the day.
  • Mizuho last came to the market in mid-Feb in a EUR 750mn 10.25yr Sr Unsecured Deal that tightened 37.5bps to price at MS+130bps with a cover of 2.5x.



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