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Published on 4/25/2011 in the Prospect News Emerging Markets Daily.

Emerging markets calendar

APRIL 25 WEEK

BANK OCHRONY SRODOWISKA SA (BOS BANK): Euro notes; Barclays Capital, ING Bank, Riaffeisen Bank International; roadshow started April 12; Regulation S; lender based in Warsaw.

CIMENTO TUPI SA: $150 million 10-year notes (/B/B); Merrill Lynch; Rule 144A/Regulation S; non-callable for five years; change-of-control put at 101%; roadshow April 12-19; Rio de Janeiro-based producer, distributor and seller of cement and concrete.

SYNDICATE BANK: Dollar notes; Merrill Lynch, Barclays Capital, Citigroup, Deutsche Bank, HSBC, JPMorgan, RBS; Standard Chartered; roadshow started April 15; Regulation S; commercial bank based in Manipal, India.

CLP POWER HONG KONG LTD.: Possible notes; Barclays Capital, Standard Chartered; roadshow started March 7; Hong Kong-based electric company.

RHB BANK BHD.: $300 million to $500 million senior notes; Merrill Lynch, Goldman Sachs; Kuala Lumpur-based lender.

BANCO DE GALICIA Y BUENOS AIRES: Up to $300 million notes due in up to seven years; UBS, Deutsche Bank; pricing expected April 28; lender based in Buenos Aires.

MAY 2 WEEK

SATELITES MEXICANOS SA DE CV (SATMEX): $325 million senior secured notes due 2017; Jefferies; Rule 144A/Regulation S; non-callable for three years; proceeds to redeem the existing first-lien notes and for other funding needs; roadshow April 18-May 3; Mexico City-based satellite service provider.

SENEGAL: Benchmark-sized dollar bonds; Standard Bank, Standard Chartered Bank; Rule 144A/Regulation S; roadshow starting April 26.

INTERNATIONAL CONTAINER TERMINAL SERVICES: Dollar perpetual notes; Citigroup, HSBC; Regulation S; proceeds for acquisitions and new projects; roadshow starts April 26; Manila, Philippines-based port operator.

MAY

INDUSTRIAL DEVELOPMENT BANK OF INDIA LTD. (IDBI BANK): $250 million seven-year notes; Swiss franc-denominated notes; BNP Paribas, Credit Suisse, UBS; lender based in Mumbai, India.

JULY

DEVELOPMENT BANK OF KAZAKHSTAN: $800 million notes; Astana, Kazakhstan-based lender.

2012

TOURISM DEVELOPMENT & INVESTMENT CO.: $1 billion notes; proceeds for construction and other projects; developer based in Abu Dhabi.

ON THE HORIZON

GLOBAL BIO-CHEM TECHNOLOGY GROUP CO. LTD.: Bonds; HSBC; Regulation S; proceeds for repayment of existing debt; Hong Kong-based manufacturer and seller of corn-related products.

COSTA RICA: Possible notes.

ROMANIA: €500 million notes with five- or 10-year tenor.

QATAR GENERAL INSURANCE AND REINSURANCE CO. SAQ: Up to $500 million of notes; issuance likely after March 8; provides energy insurance to the energy and petrochemical industry in Doha, Qatar.

POLSKIE GORNICTWO NAFTOWE I GAZOWNICTOW (PGNIG): Bonds; Poland-based natural gas company.

CITIC PACIFIC LTD.: Possible notes; HSBC, UBS; Hong Kong-based business conglomerate.

BANCO SANTANDER BRASIL SA: Possible notes; Morgan Stanley, Santander; roadshow March 30-31; banking company based in Sao Paulo.

INDONESIA: $2 billion notes due 2021, 2041; Deutsche Bank, JPMorgan, UBS.

PROVINCE OF BUENOS AIRES: $500 million bonds.

GLOBAL DAIRY HOLDINGS LTD.: Renminbi notes; Merrill Lynch, Macquarie Group; proceeds for general corporate purposes and to finance company's vertical integration plan; milk and milk products manufacturer and marketer based in Hong Kong.

HOANG ANH GIA LAI GROUP: Possible issue of $200 million five-year notes; Credit Suisse; roadshow March 14 week; business conglomerate based in Vietnam.

RUSSIA: Dollar notes due 2041.

ZAMBIA: Dollar notes.

VIETNAM BANK FOR INDUSTRY AND TRADE (VIETINBANK): $500 million to $1 billion notes; Barclays, Credit Suisse, Goldman Sachs, JPMorgan; issuance likely in 2011.

SHARJAH ISLAMIC BANK: $500 million sukuk notes; HSBC, Standard Chartered; Dubai-based lender.

TURKIYE VAKIFLAR BANKAS TAO (VAKIFBANK): Between $500 million and $1 billion five-year notes; Ankara, Turkey-based lender.

EURASIAN BANK JSC: Up to $300 million of bonds, possible ruble bonds; Kazakhstan-based lender.

OGX PETROLEO E GAS PARTICIPACOES SA: Dollar notes; Credit Suisse, HSBC, Itau, JPMorgan; Brazil-based oil and gas exploration and production company.

TECHNIKABANK OJSC: Dollar notes (//B-); Commerzbank AG, HSBC; change-of-control put if three main shareholders cease to own more than 50% of company; Azerbaijan-based lender.

SLOVAK REPUBLIC: Tap of bonds due Feb. 24, 2016; KBC Group, Erste Group, Intesa Sanpaolo Group.

REPUBLIC OF KENYA: Notes; issuance likely by June 2013.

CITY OF KIEV: $300 million notes; Credit Suisse linked to deal.

OAO ASB BELARUSBANK: Dollar-denominated bond of up to $500 million.

IFH PERU LTD.: $100 million tap of 8 5/8% bonds due 2019; Barclays Capital, IMT Trust; Lima, Peru-based financial services company.

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

AL BARAKA BANKING GROUP: Up to $500 million sukuk issue of five-year notes; Bahrain-based Islamic lender.

POLSKI KONCERN NAFTOWY ORLEN SA (PKN ORLEN): Euro-denominated notes; Citigroup, Deutsche Bank, RBS; Regulation S; roadshow started Nov. 17; could be postponed; Plock, Poland-based oil refiner and petrol retailer.

GULF GENERAL INVESTMENT CO.: Possible $300 million notes due 2015 (B1); Deutsche Bank, HSBC, Standard Chartered; roadshow started Nov. 2; proceeds to refinance and reduce existing short-term debt and for general corporate purposes; Dubai-based real estate company.

MAQUINARIA ESPECIALIZADA MXO TRUST: $160 million notes; Santander; Rule 144A/Regulation S; roadshow started Oct. 27; special purpose vehicle designed to provide construction machinery services to Corporacion GEO, a Mexico City-based homebuilder.

ARAMCO: $1 billion sukuk with France's Total; Credit Agricole, Deutsche Bank, Samba Financial; state-owned national oil company based in Dhahran, Saudi Arabia.

MOSCOW CREDIT BANK: Eurobond issue totaling about $300 million; Commerzbank, RZB, ING; roadshow started Oct. 14; Moscow-based lender.

BANCO DE CHILE: Dollar-denominated notes; Santiago, Chile-based lender.

UNITED GULF BANK: Bonds; Standard Chartered; Bahrain-based lender and subsidiary of Kuwait-based Kipco.

DOHA BANK: $500 million bonds; JPMorgan, Morgan Stanley; Qatar-based lender.

SRI LANKA TELECOM PLC: Up to $125 million of bonds; proceeds to fund expansion plans; telecommunications service provider based in Colombo, Sri Lanka.

BANCO CREDITO E INVERSIONES: $200 million five-year notes; BNP Paribas, JPMorgan; Rule 144A/Regulation S; postponed; lender based in Santiago, Chile.

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

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.

ZAMBIA: Planned issue of $500 million to $1 billion bonds; proceeds for infrastructure improvements and power plant construction.

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

April 12-19: CIMENTO TUPI SA: $150 million 10-year notes (/B/B); Merrill Lynch.

Started April 15: SYNDICATE BANK: Dollar notes; Merrill Lynch, Barclays Capital, Citigroup, Deutsche Bank, HSBC, JPMorgan, RBS; Standard Chartered.

April 18-May 3: SATELITES MEXICANOS SA DE CV: $325 million senior secured notes due 2016; Jefferies.

Starting April 26: SENEGAL: Benchmark-sized dollar bonds; Standard Bank, Standard Chartered Bank.

Starting April 26: INTERNATIONAL CONTAINER TERMINAL SERVICES: Dollar perpetual notes; Citigroup, HSBC.


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