Rabobank

Rabobank’s €204bn mortgage portfolio is likely to be a prime target for tens of billions of euros in sales, as the Netherland’s largest bank prepares to shed €100bn or more in assets to comply with forthcoming rules.

The third largest takeover is on. Brewer SABMiller has agreed to be bought by Anheuser-Busch InBev for £68bn, in a deal that shows continued investment confidence in Africa — one of the main attractions of SABMiller for InBev, which is weak in the continent — bucking the trend of pullback from emerging markets.

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.

Swiss commodity trader Gunvor is building momentum for around $1bn of refinancing loans, with commitments due by the end of the month.

Nederlandse Gasunie closed a €300m no-grow floater on Friday, attracting an order book of around €550m for the three year notes.

Banks are grasping at private opportunities throughout their capital curves in search of a safe and affordable source of funding, as a volatile public market proves too rich for bank treasurers' blood and funding costs. Jonathan Breen reports.

Rabobank Nederland

Lloyds and Rabobank have been successful with short dated floaters this week and, while investors remain cautious, market tone is gradually improving.

Vitol, the Switzerland-headquartered oil trader, has signed its annual loan refinancing, increasing the loans from $7.5bn to $8bn.

Oil trader Vitol is expected to finish its annual financing of flagship loans by Wednesday, according to a banker on the deal.

Commodity trader Gunvor has launched its $1bn annual loan refinancing, following a deal for its Asian subsidiary that doubled in size after strong demand from lenders.

Rabobank was a fitting credit to tackle a still uncertain FIG primary market on Monday, pulling in nearly €2bn of orders for a short floater as bankers fretted over further supply.