The Netherlands
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ABN Amro issued its fourth green bond on Monday, pushing its maturity curve out to 2026 in senior debt. The deal was subscribed more than three times over its size of €750m. -
Shares in Takeaway.com, the Dutch online food ordering market place, rose as much as 3.1% on Friday after Morgan Stanley completed a €212m delta placement of the stock as part of a funded collar transaction with Delivery Hero.
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It was a busy week for ING’s funding team, as they kicked off the quarter by issuing euro-denominated notes on Monday and a series of dollar bonds on Tuesday.
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Rating: Aa3/AA-/AA-
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The SSA green bond market looks set for a busy few weeks, with the Dutch sovereign and Instituto de Crédito Oficial (Ico) primed to print debuts following SNCF Réseau’s tapping its green paper on Thursday.
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Bank Nederlandse Gemeenten was upgraded by Fitch on Thursday, returning to triple-A status with the credit rating agency for the first time since 2015.
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De Nederlandsche Bank has become the first central bank to sign the Principles for Responsible Investment, as the next stage in its development of a fuller approach to sustainability, including in its investments.
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Naspers, the South African technology conglomerate cheered European equity markets this week as it announced it would list its international assets in a new company on the Euronext Amsterdam. The company said that the deal would just be a spin-off transaction but sources close to the situation are not writing off the possibility of an IPO as well.
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South African technology conglomerate Naspers is set to list its international assets in a new company on the Euronext Amsterdam, creating what is likely to be the largest internet consumer company in Europe. But there will not be an initial public offering as part of the transaction.
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The Netherlands has targeted a window in May for its debut green bond, which will be sold through a Dutch Direct Auction.
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The largest block trade of 2019 so far — a €1.5bn stake in Dutch payments firm Adyen — flew off the shelves on Monday night, as large long-only accounts, mostly from the US, bought big slices of it.
