The Netherlands
-
IPO investors appear to be putting a high premium on company fundamentals when looking at new listings, focusing less on thematic trends and more on underlying numbers, as shown by the listings of Watches of Switzerland and Marel. -
Shares in Marel, the Icelandic meat processing machinery maker, rose by more than 8% on its first morning of trading in Amsterdam after a popular IPO which attracted a broad range of investors, including environmental, social and governance funds.
-
The American lender issued a dual tranche transaction on Wednesday, its first ever euro-denominated bond. It is the first American regional bank to go to market since May 2017. Meanwhile, Aegon Bank is looking to issue its first senior non-preferred bond in the currency.
-
The €350m listing in Amsterdam of Marel, the Icelandic meat processing machinery maker, is covered on the second day of bookbuilding, having gained early momentum partly by attracting two cornerstone orders.
-
The Netherlands this week set a number of precedents in the sovereign green bond market with its highly anticipated debut deal in the format.
-
-
-
Vehicle leasing firm LeasePlan Corporation issued its debut additional tier one capital on Thursday, a rare move for a firm outside the conventional banking sector. Pricing of the €500m perpetual non-call five year was not tightened from initial price thoughts.
-
NN Bank entered the market on Thursday to seek €500m of senior funding, while Oberbank and Capital One are the latest names to announce plans to raise funding in the format in euros.
-
NRW.Bank printed a $750m four year trade on Wednesday, with the borrower the latest to benefit from the cash piles that dollar investors are sitting on.
-
The Netherlands got a huge reception for its highly anticipated inaugural green bond on Tuesday, with a final book of over €20bn that allowed the sovereign to issue at the upper end of its target.
-
Nederlandse Waterschapsbank has inaugurated its updated social housing bond framework with a €1bn SRI issue. The new framework includes an environmental aspect alongside pre-existing social elements.
