Europe

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

Aegon Bank, the subsidiary of the Dutch globally systemically important insurer Aegon, has set up a €5bn conditional pass through (CPT) covered bond programme that is registered with the Dutch central bank. A triple A-rated transaction is expected this year.

With European credit markets having stabilised and many participants believing that the worst of the year is over, there has been an increase in index options selling this week, said traders.

Deutsche Bank is set to go on the road and market its first Cédulas Hipotecarias while DBS Bank of Singapore is set to market the first Asian covered bond in sterling

Six borrowers raised nearly €5bn in the covered bond market this week, once again surpassing supply expectations. The star attraction, notable for both its size and tenor, was a €1.5bn three year from the Norwegian issuer, Sparebank 1 Boligkreditt.

RCI Banque, the finance subsidiary of Renault, kept the car industry's bond market revival going, by issuing a €500m no-grow bond on Thursday.

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.

Société Foncière Lyonnaise (SFL) brought a €500m seven year offering to market on Thursday, bagging an order book over €3.5bn.

BNP Paribas defied the gloom that characterised the third quarter investment banking revenues reported by its French peers over the last week, all of which posted revenue falls in their investment banking divisions.

Finnish real estate company Sponda has signed an €80m unsecured loan agreement with three banks to refinance a syndicated loan that matures this month.

Greek banks will have to address a €14.4bn capital shortfall as part of plans to strengthen the viability of the country’s banking system, said the European Central Bank on October 31.

Mölnlycke, the Swedish maker of wound dressings and surgical gloves, issued a €500m eight year bond on Monday, as the corporate bond market’s awakening from earnings blackouts continued apace.