Belgium

Nyrstar, the Belgian zinc smelter and miner, is seeking to raise €250m to €275m with a rights issue to help it weather a severe fall in commodity prices.

Anheuser-Busch InBev, the Belgian-Brazilian brewer, mandated a group of 21 banks to provide its $75bn loan facility, but there was no coordinator as AB InBev took an active role in arranging the transaction.

Anheuser-Busch InBev, the Belgian-Brazilian brewer, submitted a final recommended offer for SABMiller on Wednesday, having raised a record $75bn loan to support the transaction.

The Kingdom of Belgium has added to its longest dated bond, a 100 year private medium term note, and is open to printing more at the long end of its maturity curve.

Belgian real estate investment company Cofinimmo has added two banks to the syndicate for a refinancing facility it signed on Thursday.

Xior Student Housing, the Belgian real estate company focused on student accommodation, on Thursday declared its intention to float on Euronext Brussels.

Peter Livanos, chairman of Antwerp-based shipping company Euronav, sold most of his stake in the business for €112m in a block trade on Wednesday night.

The cancellation of the IPO of EDF Luminus, a Belgian subsidiary of Électricité de France, was caused by the Belgian shareholders’ unhappiness with the price available from a flotation.

Another IPO fell by the wayside on Monday when Electricité de France and other shareholders decided not to proceed with floating EDF Luminus, which claims to be “the number one challenger in the Belgian energy market”.

Belgian insurance company Ethias managed to price a €150m tap of its 5% January 2026 tier two notes on Wednesday as it looked to improve upon its weak solvency position.

The National Bank of Belgium has announced that it will be introducing additional capital requirements for its systemically important banks.

ING Belgium and Bawag received good receptions for their covered bonds issued this week, in contrast to less spectacular outcomes for deals from Westpac New Zealand and UniCredit.