Morgan Stanley

Shire, the UK pharmaceutical company, has agreed to acquire US biopharmaceuticals company Dyax for $5.9bn in cash. Deutsche Bank and Morgan Stanley are arranging financing.

FIG bankers breathed a sigh of relief at the US Federal Reserve’s proposal, released last Wednesday, for implementing Total Loss Absorbing Capacity (TLAC) rules for US Global Systemically Important Banks (G-SIBs), which is seen as less severe than may had anticipated. But the rule as proposed could damage secondary market liquidity.

InterGlobe Aviation and SH Kelkar & Co have found huge success with their respective Indian IPOs, with books multiple times covered as investors flooded into the transactions.

China General Nuclear Power Corp (CGNPC) has wrapped up its second dollar deal of the year, using a keepwell agreement this time around rather than a direct guarantee. Despite the less investor-friendly structure, the company saw a huge following and managed to price the notes with little new issue premium.

Dali Foods Group Co is expected to open books in the week of November 2 for its $1.5bn IPO in Hong Kong, after investors gave the thumbs up to the Chinese snack food maker during pre-marketing.

Swiss insurer Ace Group printed the US market's biggest insurance deal of the year with a $5.3bn four trancher to help finance its $28.3bn acquisition of Chubb.

Amundi’s IPO has found a favourable reception in investor education, the company’s CEO, Yves Perrier, said today.

Procter & Gamble, the US consumer goods company, brought a €1.25bn bond issue to the European market on Tuesday, bringing life to an otherwise moribund reverse Yankee market.

Between 600 and 700 meetings are scheduled to take place over the course of the investor education phase of ABN Amro’s initial public offering in Amsterdam.

Banks outside the bulge bracket are pushing to be allowed more influence and information in high yield bond syndications, which have traditionally been tightly controlled by the top banks. Victor Jimenez reports.

ABN Amro’s IPO, one of the most hotly awaited flotations of 2015, has cleared the last hurdle needed before the deal’s launch, with the release today of an intention to float announcement.

Procter and Gamble, the US consumer goods company, brought a €1.25bn bond issue to the European market on Tuesday, bringing life to an otherwise moribund reverse Yankee market.