Hoare Govett, the UK broker owned by ABN Amro, is raising £85m (€130m) through an accelerated bookbuild for Rexam, the consumer packaging company, contributing to an unusually busy start to the year for the Dutch bank.

Earlier in the day ABN Amro Rothschild, the Dutch bank's equity capital markets joint venture, jointly led a €200m ($208m) convertible bond for Rallye, the French food distribution group, with BNP Paribas and Credit Lyonnais.