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The rampant demand in the convertible bond market, which has produced a run of deals at very attractive terms for issuers, brought two more borrowers into the market today (November 25) with debut deals, Total and Brenntag. But the deals’ execution suggested it might be time for a breather.

Scandic Hotels, the Nordic hotel operator that started taking orders for its IPO on November 17, has released a covered message to investors, a lead banker said on Wednesday.

Abengoa's banks refused it a vital $1.5bn of new loans over the past fortnight, causing its rescue investor Gonvarri to pull out, sources said today. But Abengoa could yet avoid bankruptcy, they argued.

Holders of credit default swaps referencing the Spanish renewable energy company have asked the International Swaps and Derivatives Association (ISDA) whether there has been a bankruptcy credit event. But Abengoa had not yet formally requested bankruptcy protection as GlobalCapital went to press.

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.

OTE, the Hellenic Telecommunications Organisation, returned to the bond market on Tuesday with a €350m four year at a yield of just 4.625%, despite high yield bankers saying the mood in the market was still unstable.

CLS Group, the foreign exchange settlement firm, has teamed up with financial information services provider Markit to launch an FX settlement service for cross currency swaps.

Intel, the American technology company, raised $A800m in its debut Kangaroo deal on Tuesday afternoon, drawing strong demand from Asian investors.

The yield on Portuguese government debt fell on Wednesday after socialist leader Antonio Costa was named prime minister. The new government is expected to bring some stability after several weeks of uncertainty.

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.

Gategroup, the airline catering services company, has completed the syndication of its €250m term loan.

The UK Debt Management Office must raise an additional £4.5bn to meet Chancellor of the Exchequer George Osborne’s revised spending as outlined in Wednesday’s Autumn Statement.