Emerging markets calendar

JULY

POLSKIE GORNICTWO NAFTOWE I GAZOWNICTWO (PGNiG): Up to PLN 3 billion in bonds; Bank Pekao, ING Bank Slaski, PKO Bank Polski, Bank Handlowy w Warszawie SA, Societe Generale, BNP Paribas; maturities will range from one month to one year; proceeds to repay a multi-currency credit facility maturing on July 27 and for investment projects; natural gas company based in Warsaw, Poland.

VTB BANK: Planned Swiss franc-denominated eurobond; VTB Capital, BNP Paribas; roadshow starting July 8; Moscow-based lender.

AKBANK: Planned eurobond issue due 2015 (Ba1//BBB-); could total up to $1 billion; proceeds for general corporate purposes; Istanbul-based banking company.

UKRAINE (//B-): Eurobonds; JPMorgan, VTB, Morgan Stanley.

QATARI DIAR: Planned benchmark-sized offering of dollar bonds (expected rating: Aa2); Barclays Capital, HSBC, Qatar National Bank, Standard Chartered, RBS; part of the Qatar sovereign's wealth fund.

PTTEP AUSTRALIA INTERNATIONAL FINANCE PTY LTD: Planned issue of senior unsecured notes; RBS, Credit Suisse; proceeds for general corporate purposes and for funding Montara project; subsidiary of Bangkok-based PTT Exploration and Production PCL.

GRUPO FAMSA SAB DE CV: Planned issue of up to $200 million in notes; maturity up to five years; retail company based in Monterrey, Mexico.

BANCOLOMBIA SA: Notes totaling as much as $636 million due 2020; Bank of America Merrill Lynch, JPMorgan; proceeds for strengthening capital structure, regulatory compliance, general corporate purposes; Medellin, Colombia-based lender.

ON THE HORIZON

BELARUS: Planned eurobond notes, possibly totaling $500 million with maturity of three to five years; RBS, Sberbank, Deutsche Bank, BNP Paribas; roadshow started July 12.

CORPORACION FINANCIERA DE DESAROLLO (COFIDE): Planned issue of $250 million bonds; lender based in San Isidro, Peru.

INDOSAT: Dollar-denominated fixed-rate senior notes due 2020 (expected ratings Ba1//BBB-); size could total $500 million to $700 million; Citi, DBS Bank Ltd., Deutsche Bank, HSBC, RBS; Rule 144A/Regulation S; roadshow in Asia, the United States and Europe started May 12; proceeds to refinance $235 million guaranteed notes due in November and $109 million guaranteed notes due 2012; launch subject to market conditions; telecommunications and information service provider based in Jakarta, Indonesia, and 65%-owned by Qatar Telecom.

BANCO VOTORANTIM SA: Proposed issue of notes; Bank of America Merrill Lynch, Deutsche Bank, RBS; roadshow started week of June 21 in United States and Europe; Sao Paulo-based lender.

TRANSCREDITBANK: Three-year notes; JPMorgan, BNP Paribas; Moscow-based commercial bank and subsidiary of JSC Russian Railways.

SABIC CAPITAL: Planned offering of five-year senior unsecured notes (expected ratings A1/A+/A+); JPMorgan, HSBC, RBS; Regulation S only; talked at mid-swaps plus 175 basis points; proceeds to refinance debt; delayed; petrochemical, fertilizer and metals conglomerate 70%-owned by the Kingdom of Saudi Arabia and based in Riyadh.

IRSA INVERSIONES Y REPRESENTACIONES SA: $250 million 10-year notes; Citigroup, Banco Itau, Santander; Rule 144A/Regulation S; proceeds to refinance or repay debt, for capital contributions to subsidiaries, for investments in assets and for funding of working capital; Buenos Aires-based real estate, shopping center and hotel company.

NATIONAL AGRICULTURAL COOPERATIVE FEDERATION (NONGHYUP): Planned dollar-denominated benchmark bonds; Citigroup, Credit Agricole CIB, RBS, Morgan Stanley, ING; agricultural cooperative banking organization based in Seoul, South Korea.

ZAMBIA: Planned issue of $1 billion bonds; proceeds for infrastructure improvements and power plant construction.

ISLAMIC DEVELOPMENT BANK: Two benchmark-sized sukuk offerings; proceeds to increase lending to member states coping with economic crisis; Jeddah, Saudi Arabia-based financial institution created to help economic development in 56 member countries.

ZHAIKMUNAI: Planned issue of notes (B3); Citibank, JPMorgan, ING; oil exploration, development and production company based in Kazakhstan.

IDBI BANK: Planned dollar-denominated bonds; Mumbai, India-based lender.

QATAR ISLAMIC BANK: Planned sukuk offering of up to $750 million; HSBC, Credit Suisse; lender based in Doha, Qatar.

ODEBRECHT FINANCE LTD: Dollar-denominated offering of perpetual step-up notes (expected ratings Baa3/BB/BB+); Credit Suisse, Banco Itau; Rule 144A/Regulation S; non-callable for five years; proceeds to refinance outstanding 9 5/8% perpetual notes; Salvador, Brazil-based business conglomerate.

TOURISM DEVELOPMENT & INVESTMENT CO.: Planned issue of 10-year bonds; Standard Chartered, Citigroup, BNP Paribas; government-owned hotel developer based in Abu Dhabi.

SLOVAK REPUBLIC (A1/A+/A+): Euro-denominated benchmark-sized issue of 10-year notes; Barclays Capital, Deutsche Bank, Slovenska Sporitelna, ING; subject to market conditions.

REPUBLIC OF HUNGARY (Baa1/BBB-/BBB): Benchmark global notes due 2020; Citigroup, Deutsche Bank; SEC registered.

GULF INVESTMENT BANK: Expected dollar-denominated bonds or sukuk offering; Barclays Capital, GIB Financial, HSBC, UBS; timing and structure to be determined.

LATVIA: Planned euro-denominated offering of notes; Citigroup, Credit Suisse

URUGUAY: Planned $1 billion issue of bonds, possible 20-year maturity.

ROADSHOWS

Started May 12: INDOSAT: Planned dollar-denominated fixed-rate senior notes due 2020; Citi, DBS Bank Ltd., Deutsche Bank, HSBC, RBS.

Week of May 17: IRSA INVERSIONES Y REPRESENTACIONES SA: Planned $250 million 10-year notes; Citigroup, Banco Itau, Santander.

May 20-25: SABIC CAPITAL: Planned offering of senior unsecured notes; JPMorgan, HSBC, RBS.

Week of June 21: BANCO VOTORANTIM SA: Proposed issue of notes; Bank of America Merrill Lynch.

June or July: BANORTE: Non-deal roadshow; Monterrey, Mexico-based lender.

June or July: FRIGOL: Non-deal roadshow; Sao Paulo-based meat production company.

Started July 8: VTB BANK: Planned Swiss franc-denominated eurobond; VTB Capital, BNP Paribas.

Started July 12: BELARUS: Planned issue of eurobond notes; RBS, Sberbank, Deutsche Bank, BNP Paribas.

July 12 week: PTTEP AUSTRALIA INTERNATIONAL FINANCE PTY LTD: Planned issue of senior unsecured notes; RBS, Credit Suisse.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.