The Netherlands

Barclays is working hard to expand its equity capital markets business in Northern Europe, in a bid to capitalise on what it expects to be a busy few years for the region.

A report by Rabobank on Monday highlighted concerns over the feasibility of central clearing for pension funds, saying that the institutions faced more liquidity risks as European rules are phased in.

Dutch firm Orange Capital Partners has signed a €78.5m credit facility to refinance debt secured against multiple residential portfolios in the Netherlands, with US lender PGIM Real Estate Finance making its first such loan as part of the transaction.

The Amsterdam IPO of electronic payments company Adyen has been acclaimed as one of the best European IPOs in over a decade after the stock rose 91% on its first day of trading.

To misquote Mark Twain, the reports of the death of the European IPO market appear to have been greatly exaggerated, after the most anticipated listing of the quarter soared on its first day of trading.

The IPO of Adyen, the Dutch payments processing company, is due to be priced at €240 a share, the top of the initial range, after the deal has attracted “unprecedented” levels of interest from investors.

Leisure entrepreneur Eric Wilborts pleased the market on Thursday night by offering up his entire stake in Basic Fit, the Dutch operator of low cost gyms and health clubs, in response to a number of reverse inquiries from investors.

NN Bank paid a generous premium this week to issue the first Dutch conditional pass through (CPT) covered bond of 2018. The deal emerged at the same time as Belfius Bank returned to the covered bond market with a 10 year.

The cloud which has lingered over the European IPO market since Easter, has abated slightly this week as a number of deals progressed quickly during bookbuilding. Two in particular have outperformed the rest of the market.

The IPO of Adyen, the Dutch payments company, which is one of the most anticipated listings in Europe this year, has got off to a good start, with the book covered throughout the range just over an hour after being opened.

The Netherlands Development Finance Company (FMO) has added another product to its local currency offering after selling its first ever note linked to the Tanzanian shilling. The deal came in the same week that World Bank debuted in Peruvian soles.

Adyen, the Dutch payments company, has unveiled plans for a €1bn IPO on Euronext Amsterdam amid "genuine hype" among investors eager to play a fast growing, highly cash generative tech unicorn, according to a banker involved in the IPO