Morgan Stanley

Dometic, the Swedish maker of refrigerators and cookers for camper vans, traded up 15.42% on its first day as a public company on Wednesday, a strong aftermarket performance that recalled other Scandinavian IPOs this year.

Solvay, the Belgian chemical company, pulled off a triumphant bond financing for its acquisition of Cytec Industries today, issuing five tranches of senior and hybrid bonds that drew €16.85bn of orders in total.

Allied Irish Banks will be going back to investors for more loss absorbing capital after mandating banks for a debut additional tier one issue, while the stellar performance of its recent tier two print reversed on Wednesday.

Allied Irish Banks is set to price one of the juiciest European financial institution bond issues of the year, after mandating banks for a debut additional tier one capital deal, just days after pricing a €750m tier two.

Bain Capital is making its exit from India’s Hero MotoCorp just about a year after it last pared down its holdings. The latest block, worth roughly Rp7.7bn ($116m), is still unfinished however as investors can only be crossed on Thursday when markets re-open after a public holiday.

CVC Capital Partners sold its last shares in Abertis Infraestructuras, the Spanish toll roads and telecoms infrastructure company, on November 19 in an €818m block trade that gave Bank of America Merrill Lynch’s league table standing a big boost.

Edag, the German family-owned car engineering service provider, started taking orders on Monday for its initial public offering in Frankfurt.

Coopération Pharmaceutique Française, the French pharmaceuticals distributor known as Cooper, has bank meetings scheduled on Wednesday for more than €350m of new debt for its leveraged buyout by Charterhouse.

Mexican broadcaster Grupo Televisa sold $1.2bn of 10 and 30 year bonds on Thursday to reignite a Latin American bond market that some had suggested was heading for early hibernation.

Vodafone became the latest blue chip company to exploit the attractive arbitrage offered by the convertible bond market at the moment, by raising £600m on Thursday with a highly sought-after deal that involves no risk of issuing new shares.

The leveraged finance market suffered an unpleasant shock this week, when $5.6bn of loans and bonds for the Carlyle Group’s acquisition of Veritas Software had to be pulled. Bankers were left blaming market sentiment, an aggressive structure — and each other, write Max Bower and Victor Jimenez.

ABN Amro’s shares rose 3.5% on Friday, November 20, after it restarted life as a private sector bank with a successful IPO in Amsterdam. The deal raised €3.34bn and priced at 0.986 times book value, giving the bank a market capitalisation of over €16.7bn.