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Published on 5/5/2011 in the Prospect News Emerging Markets Daily.

Emerging markets calendar

MAY 2 WEEK

BANK OCHRONY SRODOWISKA SA (BOS BANK): Euro notes due 2016; Barclays Capital, ING Bank, Riaffeisen Bank International; roadshow started April 12; Regulation S; lender based in Warsaw.

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

SENEGAL: Benchmark-sized dollar bonds due 2021; Standard Bank, Standard Chartered Bank; Rule 144A/Regulation S; roadshow started April 26; talked at low- to mid-9% area.

JSC KAZKOMMERTSBANK: Dollar notes due 2018; JPMorgan, UBS; Rule 144A/Regulation S; roadshow started May 2; whispered at 8 5/8%; Almaty, Kazakhstan-based lender.

ALBAUGH NETHERLANDS BV.: $300 million senior notes due 2018 (B3//BB-); JPMorgan (global coordinator), Citigroup Global Markets Inc., Wells Fargo Securities LLC; Rule 144A and Regulation S; non-callable for three years; to repay a substantial amount of existing secured and unsecured notes; Ankeny, Iowa-based producer and distributor of off-patent (generic) chemicals used for crop protection in the U.S., Argentina, Brazil, Mexico and Europe; price talk 9 5/8% to 9¾%; pricing Friday.

BANCO FIBRIA SA: Dollar three-year notes (expected rating: Ba2); Banco Safra; Regulation S; price talk at 6%; lender based in Sao Paulo.

MAY 9 WEEK

FINANSBANK AS: Up to $750 million in notes due 2016 (expected ratings: B1//BBB-); Citigroup, Deutsche Bank, HSBC, Standard Chartered; roadshow May 2 week; price talk set at mid-swaps plus 350 to 362.5 bps; lender based in Istanbul, Turkey.

GRUPO DE INVERSIONES SURAMERICANA SA: Dollar benchmark notes; Bank of America Merrill Lynch, JPMorgan; Rule 144A/Regulation S; roadshow May 5-11; Medellin, Colombia-based investment company.

FIRSTRAND BANK LTD.: Possible notes; FirstRand Bank, JPMorgan, Mitsubishi UFJ Securities, Standard Chartered Bank, UBS; roadshow May 9-11; lender based in Sandton, South Africa.

PETROLEOS MEXICANOS SAB DE CV (PEMEX): Dollar notes; BNP Paribas, Deutsche Bank; roadshow May 9-11; petrochemical company based in Mexico City.

MAY

ENN ENERGY HOLDINGS LTD.: Dollar-denominated senior notes; Citigroup, BOC International, Barclays Capital, RBS; Rule 144A/Regulation S; roadshow started May 2; proceeds for general corporate purposes, to finance capital expenditures, to refinance the company's 2012 notes, to pay off certain short-term loans and for business expansion acquisition of new projects; talked at Treasuries plus 300 bps area; change-of-control put at 101%; Lanfang, China-based investment holding company that invests in, operates and manages gas pipeline infrastructure and sells and distributes gas.

CHIAN LIANSU GROUP HOLDINGS LTD.: Dollar senior notes (expected ratings: Ba2//BB); JPMorgan, RBS; Rule 144A/Regulation S; proceeds for general corporate purposes, capital expenditures, refinancing debt; roadshow started around April 28; manufacturer of plastic pipes and pipe fittings based in Foshan, China.

CHINA QINFA GROUP LTD.: Notes due 2018; UBS; Rule 144A/Regulation S; proceeds for general corporate purposes, to refinance existing debt, for potential acquisitions and for capital expenditures; roadshow started May 4; non-callable for three years; coal company based in Hong Kong.

CHINA RESOURCES LAND LTD.: Senior notes due in up to 10 years; HSBC, BOC International, DBS Bank; roadshow started May 4; price talk set at the 7¼% area; Hong Kong-based property developer.

CYFROWY POLSAT FINANCE AB: €350 million notes due 2018; Credit Agricole, Citigroup, RBS; Rule 144A/Regulation S; proceeds to refinance debt; Warsaw-based pay-television company.

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.

FOSUN INTERNATIONAL LTD.: Dollar benchmark senior notes (Ba2); Goldman Sachs, Standard Chartered Bank, UBS; Rule 144A/Regulation S; proceeds for general corporate purposes, to repay existing debt, to repay a bridge loan from Standard Chartered Bank; roadshow started April 27; business conglomerate based in Shanghai.

ISLAMIC DEVELOPMENT BANK: Possible notes; HSBC, Standard Chartered Bank, BNP Paribas, Deutsche Bank; Jeddah, Saudi Arabia-based financial institution created to help economic development in 56 member countries.

BANCOLOMBIA SA: Up to $1 billion senior notes with term of up to 10 years; proceeds for general corporate purposes; lender based in Medellin, Colombia.

LDK SOLAR CO. LTD.: Dollar senior notes; Morgan Stanley; Rule 144A/Regulation S; proceeds to repay existing debt; roadshow started May 3; solar wafer producer based in Xinyu City, China.

JULY

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

CELULOSA ARGENTINA SA: Up to $150 million seven-year notes; Citigroup, Credit Suisse; paper and pulp company based in Martinez, Argentina.

SEPTEMBER

ANGOLA: $500 million notes.

2012

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

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

ON THE HORIZON

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; Bank of America Merrill Lynch, Goldman Sachs; Kuala Lumpur-based lender.

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.

PROVINCE OF BUENOS AIRES: $500 million bonds.

GLOBAL DAIRY HOLDINGS LTD.: Renminbi notes; Bank of America 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.

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

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

Started April 27: FOSUN INTERNATIONAL LTD.: Dollar benchmark senior notes; Goldman Sachs, Standard Chartered Bank, UBS.

Started on or near April 28: CHIAN LIANSU GROUP HOLDINGS LTD.: Senior notes; JPMorgan, RBS.

Started May 1: ISLAMIC DEVELOPMENT BANK: Possible notes; HSBC, Standard Chartered Bank, BNP Paribas, Deutsche Bank.

May 2 week: FINANSBANK AS: Up to $750 million in notes; Citigroup, Deutsche Bank, HSBC, Standard Chartered.

Started May 2: JSC KAZKOMMERTSBANK: Dollar notes due 2018; JPMorgan, UBS.

Started May 2: ENN ENERGY HOLDINGS LTD.: Senior notes; Citigroup, BOC International, Barclays Capital, RBS.

Started May 3: LDK SOLAR CO. LTD.: Dollar senior notes; Morgan Stanley.

Started May 4: CHINA QINFA GROUP LTD.: Notes; UBS.

Started on or near May 4: CHINA RESOURCES LAND LTD.: Senior notes due in up to 10 years; HSBC, BOC International, DBS Bank.

May 5-11: GRUPO DE INVERSIONES SURAMERICANA SA: Dollar benchmark notes; Bank of America Merrill Lynch, JPMorgan.

May 9-11: FIRSTRAND BANK LTD.: Possible notes; Mitsubishi UFJ Securities.

May 9-11: PETROLEOS MEXICANOS SAB DE CV (PEMEX): Dollar notes; BNP Paribas, Deutsche Bank.


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