Morgan Stanley

Cabot Credit Management, the UK debt purchasing firm, on Wednesday raised €310m of secured notes to support its buyout of peer company Hillesden Securities from Faccenda Investments.

BorgWarner, the US car engine and drivetrain maker, furthered the return of reverse Yankee bonds to Europe's corporate market on Monday, by issuing a €500m seven year no-grow deal.

ICBCIL Finance, a wholly-owned subsidiary of Industrial and Commercial Bank of China, has set its sights on a triple-tranche dollar offering split between three and five year fixed rate notes as well as a three year floating rate tranche.

Dometic, the Swedish manufacturer of refrigerators and cookers for camper vans, said on Monday that it aimed to raise Skr4.6bn ($540m) of primary proceeds from an initial public offering in Stockholm.

Amundi, Europe’s largest asset manager, is seeking a valuation of €7bn to €8.76bn in its IPO, the bookbuild for which was opened today (Monday November 2), and will sell a 2% stake to Agricultural Bank of China. Goldman Sachs has joined the top line of the deal.

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.