Emerging markets calendar: Bank TuranAlem to sell two-part notes offering

JAN. 10 WEEK

JSC BANK TURANALEM: Dual tranche offering of dollar-denominated notes (Baa1/BB/BB+); Credit Suisse; JP Morgan; Rule 144A/Regulation S; two tranches of two-year floating rate notes and 30-year notes; 30-year notes will carry a put option of 10 years; roadshow will begin on, Jan. 5 in Los Angeles, Boston on Jan. 8, New York on Jan. 9. London on Jan. 10; via TuranAlem Finance BV; second largest commercial bank in Kazakhstan with headquarters in Almaty.

JAN. 15 WEEK:

GP INVESTMENTS, LTD.: $150 million perpetual notes (B+); Credit Suisse; Rule 144A/Regulation S; non-callable for five years; secured by first priority pledge representing 100% of GP Private Equity issued and outstanding shares; issuer to fund an 18-month interest reserve; Brazilian private equity firm based in São Paulo; roadshow starts Jan. 10 in Singapore; Jan. 11 in Hong Kong, Jan. 12 in London, Jan. 15 in Switzerland; pricing Jan. 15 week.

MINERVA OVERSEAS LTD.: $150 million unsecured unsubordinated notes due 2017 (/B/B+); Credit Suisse (books); Rule 144A/Regulation S; non-callable for life; to refinance short-term debt and for general corporate purposes; financing subsidiary of Brazilian beef exporter Industria e Comercio de Carnes Minerva Ltda,; roadshow Jan. 10 in Hong Kong, Jan. 11 in Singapore, Jan. 12 in Switzerland, Jan. 15 in London, Jan. 16 in New York, Jan. 17 in Boston and Philadelphia, Jan. 18 on U.S. West Coast; pricing Jan. 15 week

ON THE HORIZON:

IMCOPA INTERNATIONAL SA: $100 million three-year bullet notes (/B/); ING; Regulation S; to refinance debt; family-owned company based in Parana state that produces non-genetically modified soybeans.

MARFRIG OVERSEAS LTD.: $250 million of 10-year unsecured senior notes (B1/B+); Merrill Lynch; Rule 144A/Regulation S; Sao Paolo-based beef exporter.

BANK KHRESCHATYK: Dollar-denominated loan participation notes due 2009 (B2//B); Deutsche Bank; initial price guidance 9%; special-purpose vehicle of Ukraine's Bank Khreschatyk, financial institution headquartered in Kiev (postponed on Sept. 21).

PT INDOFOOD SUKSES MAKMUR: $250 million to $300 million bonds; to refinance company's bonds due 2007; world's largest instant noodle maker; based in Jakarta, Indonesia.

ROADSHOWS:

Jan. 5-10: JSC BANK TURANALEM: Dual tranche offering of dollar-denominated notes; Credit Suisse; JP Morgan

Jan. 10-15: GP INVESTMENTS, LTD.: $150 million perpetual notes; Credit Suisse

Jan. 10-18: MINERVA OVERSEAS LTD.: $150 million unsecured unsubordinated notes due 2017; 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.