The Netherlands

ABN Amro made its first ever sale of non-preferred senior debt on Wednesday, as European banks give investors plenty of opportunities in add exposure in the asset class at the beginning of 2020.

A strong reception for a five year euro benchmark by KfW on Tuesday was enough to lure in a hesitant flock of public sector borrowers to the euro market as the pipeline stacks up for Wednesday’s business.

Issuers rushed to open the euro covered bond market this week. Trades from ABN Amro, Erste Group and LBBW showed that investors are ready to put cash to work, but higher new issue premiums suggested that issuers were taking a 'conservative' approach at the beginning of the year.

A veteran equity capital markets banker at ING is stepping down from his role in the equity capital markets division, after two decades at the firm.

Multilateral development banks (MDBs) are increasingly moving into local currency funding. Now medium-term note (MTN) dealers need to dust off their EM currency investor Rolodexes, as this shift offers a much-needed business opportunity for them.

The Dutch government is looking to resume selling shares in ABN Amro, the bank that was rescued during the financial crisis, as part of its programme for fiscal stability.

The Netherlands will kick off its funding programme in 2020 with a reopening of its inaugural green bond via a Dutch Direct Auction.

Banks and insurance companies are finally straining to turn capital markets greener. With many having realised there are savings to be had in issuing green senior bonds, the idea of them embracing sustainable capital instruments seems to be just around the corner. David Freitas reports

Goldman Sachs has brought its second block in Adyen in under a fortnight, replicating the model it adopted in a sale of stock by Index Ventures on November 25, for fellow IPO seller General Atlantic.

Index Ventures took advantage of a buoyant atmosphere for accelerated trades on Monday night, with a €205.5m block in Dutch payments firm Adyen at a tight 1.5% discount and without a restriction preventing the seller from further disposals in the future.

The Netherlands has announced a new policy framework for its funding programme over the next six years in which it will extend the average maturity of its debt and swap portfolio to lock in low rates for a longer period of time.

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