Europe

Industry-wide collaboration on distributed ledger technology governance is needed and policymakers must plan ahead for the impact of such advances on securities markets and post-trade infrastructures, The Depository Trust & Clearing Corporation has said.

Koninklijke DSM, the Dutch chemical company, issued an opportunistic €750m 10 year bond on Monday that was priced with a single digit new issue premium.

Public sector borrowers are piling into the dollar market at the start of the week, with a US Federal Reserve rate decision on Wednesday likely to shorten the issuance window.

The European Investment Bank has reiterated that it does not finance military infrastructure projects, after a pair of European commissioners suggested altering the supranational's mandate to include funding defence projects.

The Flemish Community of Belgium has announced that it will roadshow a euro syndication on September 26, while KfW has mandated three banks to sell a benchmark.

Takeaway.com, the Dutch online fast food delivery service, has opened the books for its €350m IPO, with a price range that could value the company at up to €1.1bn.

French retail property group Klépierre issued a €600m 15 year bond on Monday, taking investors down the maturity range with the promise of yield.

A senior UK-focused equity capital markets banker at JP Morgan has left the bank to join Numis Securities as a managing director.

The Bank of Queensland’s (BoQ) debut Australian conditional pass through (CPT) covered bond will mark a major step in the use of the structure, with cross-currency swaps used for the first time.

The lender has mandated leads for a triple A-rated €500m no grow covered bond backed by mortgages, its first rated benchmark and the fifth deal from Austria this year.

UK financial software firm Misys launched a $1.5bn equivalent refinancing loan package on Monday with a bank meeting in London.

LBBW rode through last week’s volatility to raise €500m of tier two capital on Monday. Though order books may have shrunk in size, the bank was not forced to pay up and many accounts participated in the trade.