The Netherlands

After an abysmal September, covered bond volumes began to improve on Tuesday, as Caffil and Nationale-Nederlanden Bank returned to the market to raise €750m apiece, and Danish Ship Finance announced a new three year deal and a tender offer.

The company’s share price dropped after H2 results

A new bull market for growth stocks in the US is giving issuers an opportunity to raise capital

After Tuesday's difficulties, the Dutch bank showed the market works

Issuer's paper is trading tightly despite the new loan pushing expected demerger talks further away

Jumbo loan comes amid talks with German government on split

Longer funding offers issuers efficient use of collateral that's worth paying for

Femsa opted to scrap a tap of its exchangeable bond midway through bookbuilding and sell its entire remaining stake in Heineken outright

The company is raising finance to buy back old stock after its recent merger

Access to longer funding may soon spread to new countries

Recoveries of bank share prices and the block market are welcome signs for European bank privatisations

Covered deals need to offer high premiums, if borrowers cannot offer something new or remove uncertainties