NIBC may delay its bond issue

Merchant bank NIBC is no longer certain that its planned €1bn three-year bond issue guaranteed by the Dutch government will go ahead, the Financieele Dagblad reports on Thursday.

A spokeswoman told the paper the bank was looking at its options and may move the issue to next year because of the large volatility in the market.
The government has set aside €200bn to guarantee inter-bank lending which it hopes will stimulate movement in the financial sector.
NIBC is the second organisation to say it wanted to make use of the guarantee plan.
Last week, Volkswagen affiliate Leaseplan raised €1.25bn in loans backed by the government.

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