Emerging markets calendar: Trade and Development Bank of Mongolia to sell bonds

JAN. 8 WEEK

TRADE AND DEVELOPMENT BANK OF MONGOLIA: Up to $75 million debut offering of senior three-year bonds; ING; Regulation S; roadshow in Singapore from Jan. 8-9; Manila on Jan 10; Hong Kong on Jan. 11, London on Jan. 12; off the issuer's $150 million medium-term note program; commercial bank based in Ulaanbaatar, Mongolia; price guidance lowered to at 8¾% - 8 7/8% from 9¼% area.

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.

JSC BANK CENTERCREDIT: Dollar-denominated offering of eurobonds; ING; JP Morgan (joint books); Rule 144A/Regulation S; Asian and European roadshows on Jan. 10 in Hong Kong, Singapore on Jan. 11, Zurich on Jan. 12, London on Jan. 13; U.S. leg on Jan. 10 in Los Angeles, Jan. 11 in Boston, Jan. 12 in New York; Kazakhstan commercial bank.

COSAN FINANCE LTD. (COSAN SA INDUSTRIA E COMMERCIO): $300 million senior unsecured notes due 2017 (Ba2/BB); Morgan Stanley, Credit Suisse (joint books) Deutsche Bank Securities (joint lead); Rule 144A/Regulation S; non-callable; to fund capital expenditures including co-generation projects, expand facilities and purchase equipment, also to fund possible future acquisitions, to repay debt and for general corporate purposes, including working capital; Brazilian producer and distributor of sugar, alcohol and other derivatives of sugar cane; roadshow Jan. 10 in Hong Kong, Jan. 11 in Singapore, Jan. 12 in Switzerland, Jan. 15 in London, Jan. 16-18 in the U.S., pricing thereafter.

GITI TIRE PTE. LTD: $200 million senior secured notes due 2012 (B-); Credit Suisse, Lehman Brothers; Regulation S; non-callable for three years; to extend a $160 million loan to GITI's sole and immediate parent company, GT Asia Pacific Holdings Pte. Ltd., to pay off a $160 million three-year amortizing credit facility due in 2009; Shanghai, China-based manufacturer and supplier tires; roadshow Jan. 12-16; pricing thereafter.

ISA CAPITAL DO BRASIL SA: $554 million offering of short- and intermediate-dated senior secured notes; ABN Amro, JP Morgan (joint books); Rule 144A/Regulation S; roadshow in London on Jan. 15, New York and Sao Paolo on Jan. 16, Boston on, Jan. 17, Los Angeles on Jan. 18; to refinance existing debt.; ISA Capital is a holding company of CTEEP, Brazil's second largest electricity transmission company.

WEEK OF JAN 22

VITRO SAB DE CV: Two-part offering of five- and 10-year senior unsecured notes; Morgan Stanley, Credit Suisse, Lehman Brothers; Rule 144A (with registration rights)/Regulation S; simultaneous investor presentations will run in Europe and Asia from Jan. 15-Jan. 16, U.S. leg in New York on Jan. 18, Boston on Jan. 19, Los Angeles on Jan. 22, San Francisco on Jan. 23; minimum size of each tranche will be $250 million; five-year notes will be non-callable for life, 10-year notes will be non-callable for five years; to refinance existing indebtedness in conjunction with the company's cash tender offer for its $250 million 10¾% senior secured guaranteed notes due 2011.Vitro Envases (Glass Containers), ViMexico (Flat Glass), and their wholly owned subsidiaries will guarantee; pricing is expected to take place after Jan. 24.

BANCO MACRO SA: Up to $150 million of 10-year senior notes (B2//B+); Credit Suisse; Rule 144A/Regulation S (with registration rights); to make loans in accordance with Argentine Central Bank guidelines; Buenos Aires-based retail and commercial bank; engaged in retail and commercial banking; expected during the week of Jan. 22.

ON THE HORIZON:

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. 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

Jan. 12-15: JSC BANK CENTERCREDIT: Dollar-denominated offering of eurobonds; ING; JP Morgan

Jan. 8-12: TRADE AND DEVELOPMENT BANK OF MONGOLIA: UP to $75 million in three-year senior bonds; ING

Jan. 10-18: COSAN FINANCE LTD. (COSAN SA INDUSTRIA E COMMERCIO): $300 million senior unsecured notes due 2017 (Ba2/BB); Morgan Stanley, Credit Suisse (joint books)

Jan. 12-16: GITI TIRE PTE. LTD: $200 million senior secured notes due 2012 (B-); Credit Suisse, Lehman Brothers

Jan. 15-18: ISA CAPITAL DO BRASIL S.A: $554 million offering of short-dated and intermediate-dated senior secured notes; ABN Amro, JP Morgan

Jan. 15-23: VITRO SAB DE CV: Two-part offering of five- and 10-year senior unsecured notes; Morgan Stanley, Credit Suisse, Lehman Brothers

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