Belgium

European Commission officials have played down concerns expressed by the Commodity Futures Trading Commission over a controversial EC proposal that seeks to revise European oversight of foreign clearing houses. The comments garnered a curt response from a senior CFTC official.

The hefty chunk of SRI bond supply from the public sector in the second half of the year shows no signs of slowing down, with plenty in the pipeline — including from a debut issuer.

The Flemish Community of Belgium will meet investors in November to showcase its new sustainability bond framework, with a trade likely to follow.

Shurgard Self Storage, a European operator of self-storage facilities, has revised the price range for its €575m IPO on Euronext Brussels and is covered throughout the new range, despite a difficult market where several deals have been pulled and others have traded down in the aftermarket.

The Brussels IPO of Shurgard Self Storage, the largest operator of self-storage facilities in Europe, is covered, less than three working days into the bookbuild.

Steven Maijoor, the head of pan-European securities regulator ESMA, on Wednesday called for European firms' continued access to UK clearing houses (CCPs) after Brexit, to address potentially massive disruption to markets.

Shurgard Safe Storage, the largest self storage property company in Europe, has begun bookbuilding for its flotation on Euronext Brussels, with a price range that values the company at a premium to its closest peers

BNP Paribas Fortis managed to get an oversubscribed order book for its seven year covered bond and priced the deal inside the previous Belgian issue from ING. However, the deal was unusually slow to build and, with market conditions deteriorating, spreads are expected to widen.

Guarantor: Kingdom of Belgium (51.41%), Republic of France (45.59%) and Grand Duchy of Luxembourg (3.00%)

ING Belgium's order book for a €1bn eight year issued on Thursday was larger than any for a covered bond of this size since January. The exceptionally strong bid is something that other issuers will look to take advantage of before Eurosystem purchases are scaled back again.

The strong demand that has permeated the dollar market over the last few weeks showed no signs of abating on Tuesday, as a pair of borrowers issued benchmarks that were comfortably oversubscribed.

Dexia Crédit Local and CPPIB Capital released initial price thoughts on Monday for their new five year dollar benchmarks amid what bankers called a "good backdrop" for the maturity. Both deals are due to be priced on Tuesday.