Emerging markets calendar: ICICI Bank to issue $300 to $500 million notes

WEEK OF FEB. 12:

ICICI BANK UK PLC: $300 million to $500 million offering of five-year senior unsecured notes; Barclays Capital, Deutsche Bank; Regulation S; guidance in the area of Libor plus 65 basis points; unit of Mumbai, India-based ICICI Bank Ltd.; expected to price later this week.

ATF BANK: Benchmark offering of dollar-denominated seven-year notes; Citigroup, ING (joint books); Rule 144A/Regulation S; Almaty, Kazakhstan-based financial institution; roadshow Feb. 7 in Singapore and Los Angeles, Feb. 8 in Hong Kong and Boston, Feb. 9 in Frankfurt, Vienna and New York, Feb. 12 in London; pricing after.

ALFA BOND ISSUANCE PLC/ALFA BANK (Ba2/BB): Dollar-denominated lower tier II subordinated loan participation notes due 2017; Dresdner Kleinwort, JP Morgan (joint); Regulation S; non-callable for five years; 150 bps coupon step up; roadshow starts Feb. 12 in Hong Kong, Feb. 13 in Singapore and London, Feb. 14 in Frankfurt and London; Moscow-based Alfa Bank is the largest privately owned commercial bank in Russia.

FABRICA DE PRODUTOS ALIMENTICOS VIGOR SA: $100 million notes (B2) via Rule 144A and Regulation S; Dresdner Kleinwort; tenor to be determined; roadshow Feb. 6 in Singapore, Feb. 7 in Hong Kong, Feb. 8 in New York, Feb. 9 in London, Feb. 12 in Geneva and Zurich, Feb. 13 in Frankfurt and Vienna; one of Brazil's largest nationally owned conglomerates in the dairy and vegetable oil products segments.

IXE BANCO SA: Upcoming issuance of non-cumulative subordinated perpetual securities (//B+); Goldman Sachs; Rule 144A/Regulation S; roadshow in New York on Feb. 9, Singapore on Feb. 12, Hong Kong on Feb. 13, Switzerland on Feb. 14, London on Feb. 15; retail banking arm of Ixe Grupo Financiero, which is a Mexico City-based bank offering multiple financial services.

FEBRUARY:

OJSC AK TRANSNEFT: Dollar-denominated offering of seven-year loan participation notes (A2/BBB+); Credit Suisse, Goldman Sachs (joint books); Rule 144A/Regulation S; roadshow to run from Feb. 12 through Feb. 19, making stops in U.K and U.S; issued via TransCapitalInvest Ltd; Russian oil pipeline company.

ON THE HORIZON:

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.

HOME CREDIT & FINANCE BANK RUSSIA: Dollar-denominated eurobonds; ABM Amro, BNP Paribas; expected to take place during the first half of this year; Russian arm of consumer lending group Home Credit.

ROADSHOWS:

Feb. 7-12: ATF BANK: Dollar-denominated seven-year notes; Citigroup, ING

Feb. 6-13: FABRICA DE PRODUTOS ALIMENTICOS VIGOR SA: $100 million notes; Dresdner Kleinwort

Feb. 12-14: ALFA BOND ISSUANCE PLC/ALFA BANK: Dollar-denominated lower tier II subordinated loan participation notes due 2017; Dresdner Kleinwort, JP Morgan (joint)

Feb. 9-14: IXE BANCO SA: Upcoming issuance of non-cumulative subordinated perpetual securities (//B+); Goldman Sachs

Feb. 12-19: OJSC AK TRANSNEFT: Dollar-denominated offering of seven-year loan participation notes (A2/BBB+); Credit Suisse, Goldman Sachs

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