Rabobank

Rabobank has announced two senior management changes to its Australia and New Zealand operations, promoting Peter Knoblanche and Todd Charteris from within.

Dutch residential property company Vesteda issued a €300m unsecured bond — its second ever — on Tuesday, the same day as Hammerson, another real estate company, was issuing in sterling.

Vesteda, the Dutch residential property company, issued a €300m unsecured bond, its second, on Tuesday, on the same day as Hammerson, another real estate company, was issuing in sterling.

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.

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.

The third largest takeover is on. Brewer SABMiller has agreed to be bought by Anheuser-Busch InBev for £68bn, in a deal that shows continued investment confidence in Africa — one of the main attractions of SABMiller for InBev, which is weak in the continent — bucking the trend of pullback from emerging markets.

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.

Swiss commodity trader Gunvor is building momentum for around $1bn of refinancing loans, with commitments due by the end of the month.

Nederlandse Gasunie closed a €300m no-grow floater on Friday, attracting an order book of around €550m for the three year notes.

Banks are grasping at private opportunities throughout their capital curves in search of a safe and affordable source of funding, as a volatile public market proves too rich for bank treasurers' blood and funding costs. Jonathan Breen reports.

Rabobank Nederland

Lloyds and Rabobank have been successful with short dated floaters this week and, while investors remain cautious, market tone is gradually improving.