HSBC

This was the week high yield borrowers in sterling came out of the Brexit shadows to face a market ridden with political tensions — what they found was hungry, but sober, investors.

A decision by the UK High Court on Thursday that the country’s parliament must vote to start the process of leaving the European Union could lead to market volatility in the weeks ahead, issuers and bankers have warned. The decision came during an eventful week for the UK, which also included a Bank of England Monetary Policy Committee meeting, a warning from Moody’s over single market access and a debut issue from Aberdeen City Council.

Bank Nederlandse Gemeenten is set to hold investors calls for what will be its first sustainability bond to be denominated in dollars.

Varta AG, the German micro-batteries manufacturer spun out of the historic Varta Group in 2002, has joined the small group of European companies braving the choppy waters of the IPO market.

South Korea is in the midst of a serious political scandal that could threaten the president, but it seems to have had little impact on the IPOs of Clio Cosmetics Co and Doosan Bobcat.

Bank of China’s highly anticipated green covered bond launched Thursday, with books growing quickly in the first few hours.

China’s Huishang Bank Corp rolled out its inaugural dollar-denominated additional tier one bond on Thursday, the first from a city commercial bank in the country.

Banks and corporates in the US are increasingly interested in understanding the opportunities in renminbi, but they need to lose their addiction to the US dollar. The catalyst is likely to come from market trailblazers and improved infrastructure.

French firm Teleperformance has completed syndication of its $1.825bn acquisition loan and may refinance part of the deal with private placements, following the example set by other French SME firms this year.

Aberdeen City Council was able to raise £370m on Tuesday with a bond issue that was the first ever from a sub-sovereign Scottish borrower.

The government of Dubai has picked HSBC as financial advisor for its $3bn fundraising to expand its international airports.

Wuhan Metro Group and Jiangsu Zhongguancun are the latest Chinese corporates to launch inaugural dollar bonds, while Huishang Bank has issued a mandate for additional tier one, it’s first offshore transaction.