Deutsche Bank

Voters in the region’s biggest survey of cash management providers split their admiration between four international organisations.

One week after unveiling the identities of its partners, Alibaba is back in the spotlight once again with another piece of update to its jumbo IPO. The e-commerce giant has finally chosen the New York Stock Exchange as the home for its American Depositary Shares under the ticker symbol "BABA".

India’s ONGC Videsh is looking to make a return to the dollar market and possibly debut in euros having mandated five banks. The oil and gas company is among a growing number of Asian borrowers that are tapping European investor base as accounts seek to geographically diverse portfolios.

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.