The Netherlands
-
Fugro, the Dutch geosciences company, turned to the convertible market on Wednesday to meet a specific corporate finance need, much as Rallye did in a different situation on the same day.
-
Despite an IPO market strewn with casualties, three of the largest European IPOs of the year are progressing through bookbuild.
-
Euro issuance this week is very much focused on long dated bonds, with Bank Nederlandse Gemeenten printing a 20 year syndication on Monday and other European agencies and sovereigns looking to tap the long end of the curve via auctions. -
The debut covered bond of BNP Paribas Fortis and the first in four years from SNS Bank were priced on Monday with virtually no new issue concession to healthy levels of subscription.
-
Unilever’s attempt to raise prices on goods it sells to UK supermarkets would not have covered all of its costs from the recent depreciation of sterling, a Unilever executive has told GlobalCapital.
-
Dutch asset manager NN Investment Partners has hired a head for its alternative credit boutique to oversee €14bn of assets, as the firm also plans to increase its focus on private debt.
-
The Dutch lender has mandated leads for an ultra-long soft bullet covered bond which will follow a roadshow due to begin next week.
-
The second block trade in Refresco Gerber, the Dutch soft drinks bottler, since its €563m IPO in March 2015, came on Wednesday night.
-
Dutch insurer and asset manager NN Group offered to buy local rival Delta Lloyd for €2.4bn on Wednesday, triggering a rally in the latter’s bond and equity values and creating an expectation for consolidation within the country’s insurance sector.
-
UK waste management company Shanks has agreed a €600m facility for its €482m acquisition of Dutch competitor Van Gansewinkel Group.
-
Shares in Takeaway.com, the Dutch online fast food delivery company, closed 6.5% above their IPO price on Friday, after the company completed its €328m IPO on the Amsterdam Stock Exchange.
