Emerging markets calendar: Banco Mercantil to price $100 million on Nov. 1

OCTOBER 29 WEEK

BANCO MACRO SA: $150 million seven-year senior class 4 notes (B2//B+) from $700 million global note program; Citigroup, UBS (joint books); Rule 144A/Regulation S; Buenos Aires-based retail and commercial bank; pricing expected Nov.1.

BANCO MERCANTIL DO BRASIL SA: $100 million three-year bonds (Ba2/B/); UBS; Regulation S; Sao Paulo-based retail and commercial bank; roadshow Oct. 25 in London, Oct. 26 in Switzerland, Oct. 29 in Hong Kong, Oct. 30 in Singapore; pricing expected Nov. 1; guidance of 8¾% to 9%.

BR MALLS PARTICIPACOES SA: Dollar-denominated senior unsecured perpetual bond with five years of call protection; Citigroup, UBS (joint books); change of control put with downgrade at 101; Rule 144A/Regulation S; Rio de Janeiro-based owner and operator of shopping malls; roadshow on Oct. 29 in Singapore, on Oct. 30 in Hong Kong and Switzerland, on Oct. 31 in London, and on Nov. 1 in New York; pricing to follow.

CII CARBON LLC/CII CARBON CORP. (RAIN CALCINING): $235 million senior subordinated notes due 2015 (B3/CCC+/B-); Citigroup; Rule 144A for life/Regulation S; non-callable for four years; to repay bridge facility related to the acquisition Of CII Carbon LLC by Rain Calcining; both companies are manufacturers of calcined petroleum coke. CII is based in Kingwood, Tex., Rain Calcining is based in Hyderabad, India; U.S. roadshow Oct. 26 in New York, Oct. 30-31 on the West Coast, Nov. 1 in Boston; pricing Nov. 2; price guidance 11½% area.

DEVELOPMENT BANK OF KAZAKHSTAN: Benchmark-sized dollar-denominated 10-year bond (A2/BBB-/BBB); Deutsche Bank, JP Morgan (joint books); Rule 144A/Regulation S; Astana-based development bank; Europe and the United States roadshow during the week of Oct. 29.

FERROMEX SA DE CV: Ps. 2 billion or more bond offering; Banamex, BBVA, IXE (joint books); Bosques de las Lomas, México-based railroad operator.

PANAMA CANAL RAILWAY: $100 million senior secured notes with 14-year average life, 19-year final (Baa3/BB/); Morgan Stanley; noncallable except for make-whole call; Rule 144A/Regulation S; proceeds to repay existing debt; Ancon, Panama-based rolling stock operator; roadshow from Oct. 25 to Oct. 30.

TENEDORA NEMAK SAB DE CV: Ps. 3 billion note offering seven- and 10-year tranches; Banamex, BBVA, Bancomer, IXE (joint books); Nuevo Leon, Mexico-based auto parts manufacturer.

UNITED TEST & ASSEMBLY CENTER/GLOBAL A&T ELECTRONICS LTD.: $475 million equivalent senior second-lien notes (B1/B-/) due 2015 in dollar-denominated and euro-denominated tranches; ABN Amro, JP Morgan, Merrill Lynch & Co.; non-callable for four years; to fund the buyout of the company by TPG Capital and Affinity Equity Partners; Singapore-based semiconductor testing and assembly company; roadshow in Asia, Europe and U.S. until Oct. 29 week; pricing expected Nov. 2.

NOVEMBER 5 WEEK

GRUPO UNIALCO: $150 million intermediate-maturity bond (B2/B/); ABN Amro; Rule 144A/Regulation S; proceeds will be reinvested in production; Guararapes, Brazil-based sugar and ethanol producer; roadshow held the week of Oct. 29; pricing expected the week of Nov. 5.

SANLUIS CORPORACION SAB DE CV: $275 million 10-year bonds (B2//B); Morgan Stanley; noncallable for five years; Rule 144A/Regulation S; proceeds to refinance debt; Mexico City-based auto parts manufacturer debt; pricing expected the week of Nov. 5; initial guidance in 11½% area.

NOVEMBER

COUNTRY GARDEN: Dollar-denominated two tranche bond (Ba1/BBB-/) offering; Morgan Stanley, UBS (joint books); five- and 10-year tranches; Rule 144A/Regulation S; Shunde, China-based real estate developer.

OAO GAZPROM: ¥50 billion notes in two tranches of ¥25 billion (A3/BBB/BBB-); Citigroup, Mizuho Securities, Societe Generale (joint books); Moscow-based government controlled oil producer; initial guidance for three-year tranche mid-swaps plus 150 bps to 160 bps, for five-year tranche mid-swaps plus 160 bps to 170 bps.

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 notes (Ba3/BB-/); UBS; proceeds for debt refinancing, capex and general corporate purposes; Jakarta, Indonesia-based natural gas and electricity company.

EMPRESA DE TELECOMUNICACIONES DE BOGOTA: Bond issuance; Merrill Lynch, Deutsche Bank (joint books); Bogota-based telecom provider.

INDUSTRIAL BANK OF KOREA: ¥50 billion senior unsecured bond (Aa3/A/) in two-year and five-year tranches; JP Morgan, Mizuho Securities, UBS (joint books); Seoul-based commercial and retail bank.

KOOKMIN BANK: Up to $300 million five-year bond (Aa3/A/); Barclays Capital, Citigroup, Merrill Lynch (joint books); Seoul-based commercial and retail lender.

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

QUEZON POWER LTD.: $100 million subordinated notes; Manila-based energy provider.

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

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

ROADSHOWS

Ending week of Oct. 29: UNITED TEST & ASSEMBLY CENTER/GLOBAL A&T ELECTRONICS LTD.: $475 million equivalent senior second-lien notes; ABN Amro, JP Morgan, Merrill Lynch & Co.

Week of Oct. 29: GRUPO UNIALCO: $150 million intermediate-maturity bond; ABN Amro

Week of Oct. 29: DEVELOPMENT BANK OF KAZAKHSTAN: Benchmark-sized dollar-denominated bond; Deutsche Bank, JP Morgan

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