Rabobank

Oil services company Fugro on Thursday cut the size of its credit facilities from €775m to €500m, with one bank dropping from out of the lending group.

Europe's high yield market has made a remarkable comeback in the past fortnight, crowned this week when Ball Corp, the US can maker, priced a €2bn-equivalent bond, highlighting the bullishness of euro markets inflated by QE, writes Victor Jimenez.

Aegon Bank issued its first covered bond on Tuesday, a €750m five year conditional pass through (CPT).

A tiring but positive week for syndicate bankers ended in a flurry of deals on Friday, as four issuers bathed in the ebullient tone of the corporate bond market.

Victory City Co has approached the syndicated loan market for a HK$2.388bn ($308m) fundraising that has seven bookrunners at the helm.

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.

Life is not getting easier for the treasury teams of financial institutions and the investors that buy their debt. Much of 2015 has been dominated by volatility, with the euro market shut for long periods of time.

Issuers, investors and regulators are paying attention to senior unsecured bank debt, and the tier two bonds that stand below them in the capital structure, like never before. Nick Jacob reports.

Rabobank has announced two senior management changes to its Australia and New Zealand operations, promoting Peter Knoblanche and Todd Charteris from within.

Dutch residential property company Vesteda issued a €300m unsecured bond — its second ever — on Tuesday, the same day as Hammerson, another real estate company, was issuing in sterling.

Vesteda, the Dutch residential property company, issued a €300m unsecured bond, its second, on Tuesday, on the same day as Hammerson, another real estate company, was issuing in sterling.

Enexis, the Dutch electricity grid operator, issued a €500m bond on Tuesday and achieved a six times oversubscribed book, which syndicate bankers hailed as potentially reinvigorating Europe's corporate bond new issue market.