Belgium

Recticel, the Belgian manufacturer of polyurethane foam products, increased its share capital on Tuesday following the exercise of warrants.

Solvay, the Belgian chemicals company, is buying Cytec in a deal that values the US-based firm at $6.4bn and will be funded in part by a rights issue.

Citigroup has hired Deutsche Bank’s head of equity capital markets for France to build its market share across France, Benelux and Switzerland.

Telenet, Belgium’s largest cable operator and a subsidiary of Liberty Global, issued a €530m high yield bond on Tuesday, to refinance its 6.375% 2020 bond.

Balta Group, a Belgian carpet maker, on Monday announced a €290m secured bond to support its acquisition by private equity firm Lone Star.

Shanks, the unrated UK waste management company with large operations in Belgium and the Netherlands, is offering its first green bond, targeting retail investors in Belgium and Luxembourg.

Brussels-Capital Region wants to raise €70m in private placements by April 8 but is receiving more inquiries for longer tenors than it wants to print. French regions could look to take advantage of the excess demand and print longer notes, according to medium term note dealers.