Emerging markets calendar: Gerdau offering $1 billion 10-year bullet

WEEK OF OCTOBER 15

GERDAU SA: $1 billion 10-year bullet (Ba2/BBB-/BBB-); ABN Amro; HSBC; JP Morgan; Rule144A/Regulation S; Porto Alegre, Brazil-based steel manufacturer.

SRI LANKA: Sovereign offering; Barclays Capital, HSBC, JP Morgan (joint books); Rule 144A/Regulation S; roadshow ends Oct. 16.

OCTOBER

AZERBAIJAN: Debut sovereign bond issue (Ba1//BB+); Deutsche Bank, Citigroup (joint books); expected September-October business.

EMPRESA DE ENERGIA DE BOGOTA: Benchmark-sized seven- to 10-year senior unsecured bonds (/BB/BB) offering; ABN Amro; Rule 144A/Regulation S; proceeds to refinance existing debt; Bogota, Colombia-based producer and distributor of electricity; roadshow ends Oct. 22 or Oct. 23.

OAO GAZPROM: Benchmark-sized euro-denominated bond; Citigroup, Societe Generale (joint books); expected in October; Moscow-based oil company.

ON THE HORIZON

BANK MANDIRI: $300 million three-year deal; expected in October or November; Jakarta, Indonesia-based commercial and retail bank.

BMCE: Euro-dominated 10-year fixed-rate bonds; non-callable for five-years; Casablanca, Morocco-based commercial and investment bank.

CIKARANG LISTRINDO: $425 million seven-year senior secured note issue (Ba3/BB-/); UBS; proceeds for debt refinancing, capex and general corporate purposes; Jakarta, Indonesia-based natural gas and electricity company.

HUNGARY: Benchmark-sized samurai bond (A2/BBB+/BBB+); Mizuho Securities, Nikko Citigroup (joint books); proceeds for general financing.

LITHUANIA: Benchmark-sized euro-dominated bond; Societe General, UBS (joint books).

RAS AL KHAIMAH INVESTMENT AUTHORITY: Benchmark dollar-denominated sukuk; Credit Suisse, HSBC, NBD Investment Bank (joint books); Ras Al Khaimah, United Arab Emirates-based investment company.

SAN LUIS CORPORACION SA DE CV: $275 million 10-year bonds (B2//B); Morgan Stanley; proceeds to refinance debt; Mexico City-based auto parts manufacturer debt.

VIETNAM: 10-year local-currency sovereign worth up to $1 billion, expected; Barclays, Citigroup, Deutsche Bank (joint books).

ROADSHOWS

Ending Oct. 22 or Oct. 23: GERDAU: $1 billion 10-year bond (Ba2//BBB-); ABN Amro; HSBC; JP Morgan

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