Deutsche Bank

Two Taiwanese lenders and one Hong Kong lender are set to provide the first set of commitments for Chinese real estate company Franshion Properties’ HK$4bn ($516m) loan, which opened to the market in May.

Amid critical times for Argentina’s status in debt capital markets, dairy company Mastellone Hermanos brought the country its fourth international issuer since 2012 with a bond that, though small, bankers on the deal claimed was a landmark.

Samvardhana Motherson Automotive Systems, the Indian car parts maker, priced a €500m bond at 4.125% on Thursday to refinance outstanding loans.

Wind Telecomunicazioni has reduced its annual cost of debt to €642m after completing its second successful bond refinancing in a little over two months. The two transactions together cut €275m from its annual interest bill.

Tank & Rast, the German motorway services company, has softened a margin cut it is seeking on two tranches of a €1.45bn loan, after pushback from funds.

New Zealand’s ASB Bank returned to the euro senior market with its first senior deal in the currency in almost three years on Wednesday. The issuer was rewarded with a tight spread over Australian parent, Commonwealth Bank of Australia.

Motherson Sumi Systems, the Indian maker of car wiring harnesses, wants to issue a €500m bond to refinance outstanding loans.

The Republic of the Philippines and the Republic of Indonesia are meeting investors in Europe over the next two weeks as the euro market continues to be an attractive source of funding for Asian borrowers.

Jinmao Investments and Jinmao (China) Investment Holdings, a business trust carved out of Franshion Properties, raised HK$3.21bn ($414m) on June 25 by pricing its IPO at the bottom of its indicative price range. A weak real estate sector led to the low pricing, but bankers are viewing it as a successful transaction.

Gallant Venture has closed syndication of its three year $166m loan, reducing it from the launch size of $410m after selling two Singapore dollar bonds in April and May. But despite getting commitments from 23 banks in general, the borrower ultimately chose only four lenders to join the deal.

Indonesia Infrastructure Finance (IIF), which opened up a $200m loan into syndication in April with the backing of the International Finance Corporation (IFC), has closed the deal at a larger size of $250m after the syndicated portion was oversubscribed.

Dairy company Mastellone Hermanos is set to become the second Argentine issuer after oil company YPF to raise new money in international markets this year as it looks to price a $200m seven year non-call four deal on Thursday.