Dutch companies issued more than EUR10 billion in new shares in the second half of 2009, ending a period of limited equity issuance since the start of the credit crisis in late 2007.

In total, EUR10.3 billion in new shares were issued during the six-month period in the Netherlands.

The increased issuing activity reflects on the one hand resurging investor demand for risk-bearing investments, and on the other a need in financial institutions and other corporations to bolster their balance sheets.

Financials Aegon NV (AEG), SNS Reaal NV (SR.AE) and ING Groep NV (ING) issued more than EUR8 billion worth of equities, mainly to partly repay state aid before the end of the year.

TomTom NV (TOM2.AE), Reed Elsevier NV (REN.AE), Wavin NV (WAVIN.AE) and Heijmans NV (HEIJM.AE) issued equities to improve their debt positions.

Corio NV (CORA.AE), Crucell NV (CRXL), VastNed Retail NV (VASTN.AE) and SBM Offshore NV (SBMO.AE) issued equities to fund expansions or takeovers.

-By Bart Koster, Dow Jones Newswires; +31 20 571 5201; bart.koster@dowjones.com

 
 
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