Belgium

Xior Student Housing, the Belgian real estate company focused on student accommodation, has opened the book for an initial public offering in Brussels.

Solvay, the Belgian chemical company, pulled off a triumphant bond financing for its acquisition of Cytec Industries today, issuing five tranches of senior and hybrid bonds that drew €16.85bn of orders in total.

Shares in Solvay, the Belgian chemical company, closed at €103.65 on Thursday, up 3.1% since Monday night, after shareholders voted to approve the €1.5bn rights issue to finance its takeover of Cytec Industries, the US maker of advanced materials.

Nyrstar, the Belgian zinc smelter and miner, is seeking to raise €250m to €275m with a rights issue to help it weather a severe fall in commodity prices.

Anheuser-Busch InBev, the Belgian-Brazilian brewer, mandated a group of 21 banks to provide its $75bn loan facility, but there was no coordinator as AB InBev took an active role in arranging the transaction.

Anheuser-Busch InBev, the Belgian-Brazilian brewer, submitted a final recommended offer for SABMiller on Wednesday, having raised a record $75bn loan to support the transaction.

The Kingdom of Belgium has added to its longest dated bond, a 100 year private medium term note, and is open to printing more at the long end of its maturity curve.

Belgian real estate investment company Cofinimmo has added two banks to the syndicate for a refinancing facility it signed on Thursday.

Xior Student Housing, the Belgian real estate company focused on student accommodation, on Thursday declared its intention to float on Euronext Brussels.

Peter Livanos, chairman of Antwerp-based shipping company Euronav, sold most of his stake in the business for €112m in a block trade on Wednesday night.

The cancellation of the IPO of EDF Luminus, a Belgian subsidiary of Électricité de France, was caused by the Belgian shareholders’ unhappiness with the price available from a flotation.

Another IPO fell by the wayside on Monday when Electricité de France and other shareholders decided not to proceed with floating EDF Luminus, which claims to be “the number one challenger in the Belgian energy market”.