Emerging markets calendar: Sul America to sell $150 million bullet bonds

WEEK OF JAN 29:

SUL AMERICA SA: $150 million offering of five-year bullet bonds (/B/B); Credit Suisse; Rule 144A/Regulation S; roadshow in Hong Kong on Jan. 22, then Singapore on Jan. 23, London on Jan. 24, Switzerland on Jan. 25, New York on Jan. 26; West Coast Jan. 29, Boston on Jan. 30; to repay short-term debt, pay the hedging costs of exchange rate exposure related with the new deal, general corporate purposes; Brazilian insurance company.

ORASCOM TELECOM HOLDINGS SAE: $500 million seven-year senior notes; Credit Suisse, Citigroup (joint books) ABN Amro, Deutsche Bank (co-managers); Rule 144A (no registration rights)/Regulation S; non-callable for three years; investor presentations start in Europe on Jan. 29; stops expected un U.S.; for general corporate purposes, including the repurchase of shares and capital expenditures; telecom company based in Cairo, Egypt

GC IMPSAT HOLDINGS I PLC: $200 million 10-year senior unsecured notes; Credit Suisse (books), Deutsche Bank; Rule 144A/Regulation S; non-callable for five years; change of control put option at 101; equity clawback of up to 35% up to 2010; to finance a portion of the roughly $367 million required for the purchase of Impsat Fiber Networks, Inc. by Global Crossing, Ltd.; corporate communications provider headquartered in Buenos Aires; guaranteed by existing and future subsidiaries, with the exception of Impsat SA, a Colombian company.

ON THE HORIZON:

AXTEL, SAB DE CV: $250 million in 10-year senior unsecured notes (Ba3/BB-); Credit Suisse; Rule 144A/Regulation S; non-callable for five years; equity clawback option of up to 35% of principal amount; change of control put option at 101; for the partial payment of a $311 million bridge loan; Mexican telecommunications firm.

HUNGARIAN TELEPHONE AND CABLE CORP. (HTTC): €200 million floating-rate notes; Merrill Lynch & Co., BNP Paribas, Calyon Securities; in connection with HTTC's acquisition of Invitel; HTTC, 62% owned by Danish telecom, TDC, with remaining shares traded on Nasdaq, has headquarters in Budapest and Seattle; expected in second quarter of 2007.

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. 22-30: SUL AMERICA SA: $150 million offering of five-year bullet bonds (/B/B); Credit Suisse

Starts Jan. 29: ORASCOM TELECOM HOLDINGS SAE: $500 million seven-year senior notes; Credit Suisse, Citigroup (joint books)

© 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.