Emerging markets calendar

April

GAZPROMBANK: Seven-year notes; guidance set at 7½% area; BNP Paribas, Deutsche Bank, Gazprombank; Moscow-based lender.

BRASKEM SA (Baa3/BBB-/BBB-): $500 million senior unsecured 10-year bond; price talk set at 5.4%; Regulation S, Rule 144A; BB Securities, BTG Pactual, HSBC, JPMorgan; proceeds to prepay existing debt and for general corporate purposes; petrochemicals company based in Sao Paulo, Brazil.

HYUNDAI MOTOR CO.: Possible bond offering (Baa2/BBB+); Citi, Bank of America Merrill Lynch, Barclays, BNP Paribas and Goldman Sachs; roadshow began April 11, making stops in New York, Boston, Chicago and Los Angeles; Seoul, South Korea-based commercial vehicle producer.

NIGERIA: Possible bond offering (/B+/BB-); roadshow in the United States starting during April 16 week; meetings completed in London and Zurich, which were arranged by Citigroup and Deutsche Bank.

GLOBO COMUNICACAO E PARTICIPACOES SA: $300 million 5% 10-year senior unsecured bonds; proceeds to be used for general corporate purposes; HSBC, Itau BBA; media company located in Rio de Janeiro.

TERA SOFTWARE LTD.: Possible non-convertible debentures issuance; board of directors meeting Feb. 29; information technology company based in Hyderabad, India.

UKRAINE: Up to $2.5 billion in bonds; JPMorgan, Morgan Stanley, VTB.

EMPRESA DISTRIBUIDORA DE ELECTRICIDAD DE SALTA SA (EDESA): Possible notes; Itau BBA, Standard Bank; roadshow Feb. 2-8; power company based in Salta Province of Argentina.

EURASIAN DEVELOPMENT BANK: Possible notes; JPMorgan, VTB Capital; roadshow Feb. 6-8; financial organization based in Almaty, Kazakhstan.

EXPORT-IMPORT BANK OF KOREA: Swiss franc notes; Credit Suisse, UBS; lender based in Seoul, South Korea.

RURAL ELECTRIFICATION CORP. LTD.: Rs. 15 billion tax-free secured redeemable non-convertible bonds; issue will carry over-allotment option for an additional Rs. 15 billion; financer and promoter of rural electrification projects based in New Delhi, India.

ULTRAPAR HOLDINGS INC.: R$800 million three-year debentures; non-convertible, callable at any time; subject to redemption at 0.3% of par; Banco Bradesco BBI SA, Banco Bradesco SA; proceeds will be used for partial redemption of Ultrapar's third issuance of debentures due December 2012; petrochemicals company based in Sao Paulo.

BOLIVIA: Up to $500 million notes; Bank of America Merrill Lynch, Goldman Sachs; proceeds to boost industrial production, including production of lithium for batteries in electronic devices.

BANCO DE CREDITO DEL PERU (Baa2/BBB): Possible deal; Citigroup, Bank of America Merrill Lynch; Lima, Peru-based bank; roadshow begins April 16 week with stops in New York, Chicago, San Francisco, Los Angeles, London, Geneva, Zurich.

CHINA TIANRUI GROUP CEMENT CO. LTD.: Senior notes; Deutsche Bank; Ruzhou City, China-based clinker and cement producer; roadshow began April 19 with stops in Asia, Europe and United States.

PT PERTAMINA (Baa3/BB+/BBB-): Possible deal; global roadshow began April 23; Citigroup, Barclays, HSBC; State-owned oil and gas company.

JAMAICA (B3/B-/B-) Possible deal; meetings with fixed-income investors begin April 25; Citigroup, BNP.

GLOBAL BANK (Baa3/BBB-): $175 million to $200 million five-year covered bond; roadshow ends April 30; Panama City-base bank.

CHINA ZHENGTONG AUTO SERVICES HOLDINGS LTD.: Possible notes offering (Ba3/BB-); JPMorgan, CCB international; proceeds to repay debt and for general corporate purposes; Beijing-based automotive sales and services company.

CHINA OILFIELD SERVICES LTD.: Bond issue of up to $1 billion; proceeds for general corporate purposes; Beijing-based company engaged in the exploration, development and production of oil and natural gas operations.

2012

CHAOWEI POWER HOLDINGS: Renminbi-denominated bonds; Nomura International plc; plans to use proceeds for expansion of production capabilities; Changcing County, Zhejiang Province, China-based motive battery manufacturer operating in electric bike market in China.

ECUADOR: Bonds.

CEAGRO AGRICOLA LTDA.: Bonds; importer and exporter of grains and other agricultural products, based in Campinas, Brazil.

ISRAEL: $1 billion to $1.5 billion of notes

REPUBLIC OF SERBIA (BB/BB-): Possible capital markets transaction; investor meetings March 12-14 in Vienna, Frankfurt, Munich, Milan, Amsterdam and London; Raiffeisen Bank International.

REPUBLIC OF LEBANON: $2 billion bonds in 2012; Deutsche Bank, Fransa Bank, Standard Chartered.

BANK OF CEYLON: $500 million notes; Sri Lanka-based lender.

ENERGA: €1 billion bonds; energy company based in Gdansk, Poland.

SINGER THAILAND PCL: Up to 750 million baht senior debentures (BBB); tenor of five years or less; Bangkok-based distributor of sewing machines and electrical household appliances.

PROPERTY PERFECT PCL: Up to 4 billion baht debentures; maturities of five years or less; subject to shareholders' approval at general meeting on April 27; proceeds to be used for working capital, acquisitions, debt repayment; Bangkok-based property developer.

LALIN PROPERTY PCL: Up to 2 billion baht debentures; maturities of 10 years or less; Bangkok-based property developer.

YANZHOU COAL MINING CO. LTD.: Up to $1 billion of bonds; issued through wholly owned offshore subsidiary; coal production, processing, marketing and transportation company based in Soucheng, China.

On the Horizon

FAR EASTERN NEW CENTURY CO. LTD.: Up to NT$12 billion of corporate bonds; will be issued at par; maturity up to five years; proceeds to repay short-term bank loans and strengthen company's financial structure; Taipei, Taiwan-based textile company.

UNITED ARAB SHIPPING CO. (UASC): Dollar notes; Deutsche Bank, Mitsubishi UFJ, UBS; roadshow Nov. 28-30; Regulation S; government-owned container shipping company based in Kuwait.

ASYA KATILIM BANKASI AS: $300 million five-year notes; lender based in Istanbul, Turkey.

QATAR INTERNATIONAL ISLAMIC BANK (QIIB): Dollar five-year sukuk notes; Qatar National Bank, HSBC, Standard Chartered; Qatar-based lender.

BANCO PICHINCHA: $100 million bonds; lender based in Quito, Ecuador.

GAIL INDIA LTD.: $300 million notes; state-owned natural gas processing and distribution company based in New Delhi.

CATHAY PACIFIC AIRWAYS LTD.: Dollar notes; HSBC; airline based in Hong Kong.

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

CHINA CITIC BANK CORP. LTD.: Up to RMB 30 billion by end of 2013; HSBC, UBS; Hong Kong-based business conglomerate.

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.

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

© 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.