HSBC

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.

BOC Aviation has used the full greenshoe on its latest dual-tranche fundraising, wrapping it up at $1.5bn to mark its single largest financing.

Mortgage lender Together on Friday accelerated the pricing of its PIK bond in a sterling market still cautious after last week’s cancellation but geared with a new offering from betting house Ladbrokes.

National Express, the UK coach operator, tapped the sterling bond market on Friday with a £400m seven year trade that swerved volatility in the Gilt market.

China Development Bank Hong Kong gave investors a dual option on October 27, issuing a five year dollar bond and a three year euro deal, finding space in a crowded market that saw six other trades hit the screens.

Two FIG names were among the seven issuers vying for funds on Thursday with Bank of East Asia and Sirius International both pricing new trades. And the hectic schedule of the last few weeks is unlikely to slow down in November.

Hong Kong-listed Li & Fung attracted $4.4bn in orders for its subordinated fixed-for-life perpetual on Thursday. The $650m deal’s success came despite Asia-ex Japan primary markets being extremely competitive with six other live deals.