E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
Published on 9/13/2010 in the Prospect News Emerging Markets Daily.

Emerging markets calendar

SEPTEMBER 13 WEEK

GAZPROMBANK: $400 million to $500 million add-on to 6% notes due Dec. 15, 2014; yield set at 6.1%; Barclays, JPMorgan; Regulation S only; Moscow-based joint stock bank of the gas industry and a subsidiary of Russian energy company Gazprom.

BURGAN BANK SAK: Possible issue of notes; JPMorgan, Morgan Stanley, Standard Chartered Bank; roadshow starting Sept. 9; a Sharq, Kuwait-based lender and subsidiary of Kuwait Projects Co. Holding KSC.

SUZANO PAPEL E CELULOSE SA: Dollar-denominated benchmark-sized issue of 10-year bonds (Baa3); JPMorgan, Santander; pulp and paper company based in Salvador, Brazil.

BANCO CRUZEIRO DO SUL SA: Dollar-denominated subordinated notes due 2020; Barclays, BCP Securities, UBS; roadshow Sept. 13-14; pricing expected Sept. 13 week; Sao Paulo-based lender.

CELULOSA ARAUCO Y CONSTITUCION SA: Dollar-denominated benchmark-sized notes due 2020 (/BBB/BBB+); JPMorgan, Santander; Rule 144A; proceeds for general corporate purposes and to repay upcoming debt maturities; wood pulp and forestry company based in Santiago, Chile.

ROAD KING INFRASTRUCTURE LTD: Planned $300 million five-year bonds; DBS, JPMorgan; toll road and property company based in Hong Kong.

SEPTEMBER

ALFA MTN ISSUANCE LTD: Dollar-denominated benchmark-sized notes (Ba1/BB-/BB+); Deutsche Bank, UBS; roadshow Sept. 13-17, pricing to follow; Russia's largest private lender.

INDUSTRIAS METALURGICAS PESCARMONA SAIC: Notes; UBS Investment Bank, Bank of America Merrill Lynch; proceeds to purchase notes tendered in offer for any and all outstanding 11% notes due 2014; Mendoza, Argentina-based producer of wind and hydropower equipment.

JORDAN: $500 million bonds due 2015; Arab Bank, Credit Suisse, HSBC, JPMorgan.

AB BANKAS SNORAS: Possible euro-denominated offering of notes; Commerzbank AG; roadshow in Europe starting Sept. 13; lender based in Vilnius, Lithuania.

KENYA ELECTRICITY GENERATING CO. LTD. (KENGEN): Planned $1 billion bond issue; proceeds to finance $4.5 billion expansion plans; power producer based in Nairobi, Kenya.

CORPORACION NACIONAL DEL COBRE DE CHILE (CODELCO): Planned issue of up to $1 billion in dollar bonds; proceeds for general corporate purposes and for copper projects; state-owned copper company based in Santiago, Chile.

PETROLEOS DE VENEZUELA SA (PDVSA): Planned $2 billion bond; Caracas, Venezuela-based state-owned oil company.

PT PERUSAHAAN LISTRIK NEGARA (PLN): Possible $1 billion 10-year notes; pricing expected in 2011; Indonesian state-owned electric company.

KOREA FINANCE CORP: $750 million to $1 billion notes (A1//A+); Barclays Capital, BNP Paribas, Citigroup, Credit Suisse, Korea Development Bank; proceeds will be used for general operations, including extending foreign currency loans; Seoul-based state-owned financial company.

SRI LANKA: $1 billion issue of 10-year notes; HSBC, RBS, Bank of America Merrill Lynch.

ON THE HORIZON

BUENOS AIRES: Benchmark-sized notes due 2018.

YAPI KREDI: Possible issue of notes (BB/BBB-); Citigroup, Deutsche Bank, UNIC; commercial bank based in Istanbul, Turkey.

ISLAMIC DEVELOPMENT BANK: $1 billion sukuk offering; CIMB, four other banks; pricing expected in fourth quarter; 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.

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

E-LAND FASHION CHINA HOLDINGS LTD.: $200 million senior unsecured notes due 2013 (Ba2/BB-); Morgan Stanley; to fund capital expenditures and expand network; delayed; Shanghai-based women's apparel company.

INDONESIA: Planned sukuk offering worth $650 million; Citigroup, HSBC, Standard Chartered; delayed until 2011.

TRANSCREDITBANK: Up to $400 million three-year notes; JPMorgan, BNP Paribas; pricing expected before the end of 2010; 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.

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

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

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.

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

ROADSHOWS

Started Sept. 7: WOORI BANK: Non-deal roadshow; Bank of America Merrill Lynch, Deutsche Bank, HSBC, ING, UBS, Woori Investment & Securities.

Started Sept. 9: BURGAN BANK SAK: Possible issue of notes; JPMorgan, Morgan Stanley, Standard Chartered Bank.

Started Sept. 9: PT ADARO ENERGY: Non-deal roadshow; Credit Suisse; integrated coal mining company based in Jakarta, Indonesia.

Started Sept. 13: AB BANKAS SNORAS: Possible euro-denominated offering of notes; Commerzbank AG.

Sept. 13-14: BANCO CRUZEIRO DO SUL SA: Dollar-denominated subordinated notes due 2020; Barclays, BCP Securities, UBS.

Sept. 13-17: ALFA MTN ISSUANCE LTD: Dollar-denominated benchmark-sized notes (Ba1/BB-/BB+); Deutsche Bank, UBS.

Sept. 14-16: SBERBANK: Non-deal roadshow; Barclays, BNP Paribas, ING.


© 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.