The Netherlands
-
Rabobank’s €204bn mortgage portfolio is likely to be a prime target for tens of billions of euros in sales, as the Netherland’s largest bank prepares to shed €100bn or more in assets to comply with forthcoming rules.
-
SNS Bank named leads for a euro denominated tier two transaction on Thursday. The trade may be a tough sell, bankers thought, but brought some hope for future capital supply. -
A trio of public sector borrowers ventured beyond the 10 year part of the euro curve on Wednesday — but only two were able to return with cash after one Dutch agency appeared to steal another's thunder.
-
Intertrust, the Dutch corporate and trust services company, has closed the book for its IPO, which is set to raise at least €522m.
-
Enexis, the Dutch electricity grid operator, issued a €500m bond on Tuesday and achieved a six times oversubscribed book, which syndicate bankers hailed as potentially reinvigorating Europe's corporate bond new issue market.
-
Nederlandse Gasunie closed a €300m no-grow floater on Friday, attracting an order book of around €550m for the three year notes.
-
-
Dutch trust and corporate services business Intertrust said on Monday that it would raise about €465m from its initial public offering to repay existing debt.
-
The higher level of new issue premium SSAs have to pay in dollars is set to be showcased this week, after a pair of European borrowers hit screens on Monday with benchmarks in the currency.
-
Rabobank was a fitting credit to tackle a still uncertain FIG primary market on Monday, pulling in nearly €2bn of orders for a short floater as bankers fretted over further supply.
-
Altice, the fast-growing French cable telecoms investment group, raised €1.61bn of new capital today (Thursday October 1) with an intraday accelerated bookbuild, to finance its acquisition of Cablevision, the US cable company.
-
Rabobank has said the German response to total loss-absorbing capacity (TLAC) rules places senior unsecured debt at risk, and advised against its adoption as a Europe-wide solution.
