The Netherlands
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Bank Nederlandse Gemeenten on Tuesday printed “another great example” of what bankers said were the “tangible price benefits” of selling SRI bonds. The trade came in the same week that France tapped its famous green OAT — or GrOAT — via auction. -
Bank Nederlandse Gemeenten on Tuesday printed “another great example” of what bankers say are the “tangible price benefits” of selling SRI bonds.
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Hong Kong-based infrastructure company CK Infrastructure sold its first euro corporate bond issue on Tuesday, despite having owned a variety of utilities and infrastructure companies across Europe for more than seven years. The response was solid if not overwhelming.
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Bank Nederlandse Gemeenten has opted for dollars with what will be its final sustainability bond of the year.
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Europe's IPO market may be winding down, with only small, niche deals still being announced, but block trades are popping. This is likely to lead to a nail-biting finish in the league table race.
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Koninklijke Philips, the Dutch healthcare technology company, sold a 12% stake worth €564m in its spun-off subsidiary Philips Lighting on Tuesday through its third accelerated bookbuild in the stock. It was priced at a 3% discount at €32 a share, but traded down on Wednesday and Thursday.
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ING was selling new senior unsecured bonds out of its holding company on Tuesday, leaving a small new issue premium of about 5bp for investors.
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Dutch polymer and resins group ChemicaInvest increased the size of its loan deal at the tight end of guidance on Wednesday, as it repriced its old debt and paid a dividend to its sponsors CVC and DSM.
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Dividend recapitalisation deals, like Ten Cate’s new €125m term loan, launched on Tuesday, are on the rise. The technique, considered aggressive by leveraged loan investors, is nevertheless becoming more common and accepted in the present issuer's market.
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Achmea Bank has issued its first conditional pass through covered bond, pricing in exactly the same steps with the same final result as Aegon had earlier this week.
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Aegon Bank smashed through the mid-swaps flat barrier to price its first conditional pass through (CPT) covered bond substantially below the reference rate on Tuesday. The deal’s success implied that investors saw through the weakness of the structure to the strong credit, or that they have lost their capacity to price extension risk.
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