The Netherlands

Investors placed orders of over €3.5bn for ABN Amro’s long awaited debt additional tier one offering on Tuesday, proving the resilience of that asset class in what is once again a difficult market.

Two insurance companies are meeting investors this week for tier two trades as the sector continues to beef up its capital ahead of the implementation of Solvency II in January 2016.

América Móvil on Thursday issued its second exchangeable bond into stock of Koninklijke KPN in just four months, raising €750m after a €3bn issue in May. But this deal, unlike the earlier, was a mandatorily exchangeable structure.

The Euromoney Smaller European Companies Index Series currently comprises 1350 companies across 16 European countries.

Heineken, the Dutch brewing company, issued a €500m bond, tightening pricing as investors jumped on a rare issue by the company.

NL Financial Investments, the organisation that handles the Dutch state’s shareholdings, has selected eight investment banks as bookrunners and co-lead managers for ABN Amro’s highly anticipated flotation.

Reesink, the Dutch equipment distributor, intends to float in Amsterdam in early 2016, the company said in its half-year report.

NL Financial Investments, the organisation that handles the Dutch state’s shareholdings, has selected eight investment banks as bookrunners and co-lead managers for ABN Amro’s highly anticipated flotation.

ING Bank has updated its prospectus for the second time this year enabling it to issue soft bullet covered bonds. Analysts at ABN research believe this could be a precursor to a hard to soft bullet exchange.

A $1.5bn chunk of financing backing the acquisition of the LED and automotive lighting division of Dutch company Philips has become a talking point because of its low amortisation and seven-year tenor. Syndication has closed for the deal, but it was too aggressive for some, as Shruti Chaturvedi reports.

A Dutch agency re-opened the euro benchmark sector for SSAs on Wednesday, selling its largest bond in the currency for more than three years after opting for an intraday execution.

Europe’s corporate bond market is catching its breath before an expected power dash of deals, but the loan market continues to bring deals and leveraged borrowers are gearing up for a big push on acquisitions.