Emerging markets calendar: Alto Palermo to sell up to $120 million in two parts

WEEK OF MAY 7

ALTO PALERMO SA: Two-part offering of up to $120 million in senior unsecured notes due 2017, up to $50 million of Argentine peso-linked notes due 2012 (/raAA-/AA-(arg)); Citigroup, Standard Bank; Rule 144A/Regulation S; Buenos Aires-based developer and operator of commercial centers.; roadshow in London on April 30, Boston on May 1, West Coast on May 2, New York from May 3 to May 4.

TRANSPORTADORA DE GAS DEL SUR (TGS): $500 million offering of 10-year amortizing notes (B1/B+); Merrill Lynch, JP Morgan; Rule 144A/Regulation S; investor presentations in Buenos Aires on April 27, London from April 30 to May 1, Boston on May 2, West Coast on May 4, New York area from May 7 to May 8; non-callable for five years; four equal amortizations commencing on the seventh anniversary; average life will be 8½ years; to refinance existing debt; Buenos Aires-based transporter of natural gas in Argentina; price guidance set at 8% area; pricing Wednesday.

BBVA BANCOMER SA: Two-part offering of euro-denominated and dollar-denominated notes; Credit Suisse, Deutsche Bank, BBVA; Rule 144A/Regulation S; tranche of euro-denominated 10-year tier II notes (A1//BBB+), non-callable for five years, if not called, fixed-rate coupon changes to floating rate, coupon steps up by 100 basis points; $500 million tranche of 15-year tier 1 notes (A1//BBB+), non-callable for 10 years, if not called, the fixed-rate coupon changes to a floating rate, coupon steps up by 100 basis points; roadshow in the Netherlands and on the West Coast on May 7, London and New York on May 8, in Paris, Frankfurt and Boston on May 9; for general corporate purposes; issued via the bank's Grand Cayman Islands branch; Mexico City-based bank.

OJSC RUSSIAN AGRICULTURAL BANK (ROSSELKHOZBANK): Dollar-denominated offering of loan participation notes; Barclays Capital, Citigroup, JP Morgan; Rule 144A; Regulation S deal, issued via RSHB Capital SA; state-owned Moscow-based financial institution.

JSC TEMIRBANK BV: Benchmark-sized offering of dollar-denominated seven-year notes (Baa3/B+/BB-); JP Morgan, Standard Bank plc (joint books); Rule 144A/Regulation S; roadshow in Hong Kong on April 27, Singapore on April 30, London on May 1 and 2, New York on May 3, Boston on May 4, Los Angeles on May 7; to be issued via financing subsidiary Temirbank Capital BV; full-service bank has headquarters in Almaty, Kazakhstan.

LG ELECTRONICS INC.: Dollar-denominated offering of five-year bonds (Baa3/BBB-/BBB-); Deutsche Bank, HSBC, JP Morgan, Korea Development Bank, Morgan Stanley; Regulation S; roadshow in Singapore on May 4, in Hong Kong on May 7, in London on May 8; Seoul-based electronics maker.

RASPADSKAYA OAO: Dollar-denominated offering of bonds on Monday in Hong Kong; Citigroup, UBS; Regulation S; roadshow in Hong Kong on May 7, Singapore on May 8, Zurich and Geneva on May 9, London on May 10-11; Russian coal producer.

WEEK OF MAY 14

SADIA OVERSEAS LTD.: Dollar-denominated offering of intermediate-dated notes (Ba2/BB expected); ABN Amro; Rule 144A/Regulation S; roadshow in Hong Kong on May 7, Singapore on May 8, Zurich on May 9, London on May 10, Frankfurt on May 11, New York on May 14, Boston on May 15, Los Angeles on May 16, an open roadshow on May 17; Brazilian food processing company Sadia SA will guarantee; to refinance existing debt, finance capital expenditures.

SHINHAN CARD CO. LTD.: $400 million five-year senior unsecured notes (BBB+//BBB+) ABN Amro, Bank of America, BNP Paribas., Goldman Sacks; Regulation S; Seoul-based credit card company and part of Korea's second largest financial services provider, Shinhan Financial Group.

MAY

NEW WORLD RESOURCES BV: €300 million senior notes due 2015 (B3/B); Morgan Stanley, Barclays Capital, Citigroup; Rule 144A/Regulation S; non-callable for four years; to repay bank debt and fund capital expenditures; Netherlands-based holding company whose activities include coal mining and coke production in the Czech Republic; roadshow starts May 7; pricing late May 7 week or early May 14 week.

PETROLEUM CO. OF TRINIDAD & TOBAGO LTD. (PETROTRIN): $750 million offering of 15-year amortizing notes (/BBB+/), Citigroup (books), Calyon (co-manager); to finance a large portion of estimated $800 million refinery upgrade program; state-owned oil company in Trinidad and Tobago.

ON THE HORIZON

AMTEL VREDESTEIN NV: Euro-denominated offering of three-year fixed rate unsecured bonds; Nomura International plc; company's debut offering of eurobonds; Enschede, Netherlands-based tire manufacturer and retailer.

ISPAT INDUSTRIES LTD.: Up to $500 million in foreign currency-denominated notes for infrastructure improvements in some of the company's plants, including its hot rolled coil steel plant at Dolvi in Raigad district of Maharashtra and its pellet plant, located at

KAZTRANSOIL: Up to $1 billion in new bonds; to fund the construction of two pipelines; Kazakhstan-based state-run oil firm.

ROADSHOWS

April 30-May 4: ALTO PALERMO SA: Two-part offering of up to $120 million in senior unsecured notes due 2017, up to $50 million of Argentine peso-linked notes due 2012; Citigroup, Standard Bank

April 27-May7: JSC TEMIRBANK BV: Benchmark-sized dollar-denominated seven-year notes; JP Morgan, Standard Bank plc

April 27-May 8: TRANSPORTADORA DE GAS DEL SUR (TGS): $500 million 10-year amortizing notes; Merrill Lynch, JP Morgan

May 4-8: LG ELECTRONICS INC.: Dollar-denominated five-year bonds; Deutsche Bank, HSBC, JP Morgan, Korea Development Bank, Morgan Stanley

May 7-17: SADIA OVERSEAS LTD.: Dollar-denominated intermediate-dated notes; ABN Amro

Started May 7: NEW WORLD RESOURCES BV: €300 million senior notes due 2015; Morgan Stanley, Barclays Capital, Citigroup

May 7-9: BBVA BANCOMER SA: Two-part offering of euro-denominated and dollar-denominated notes; Credit Suisse, Deutsche Bank, BBVA

May 7-11: RASPADSKAYA OAO: Dollar-denominated offering of bonds on Monday in Hong Kong; Citigroup, UBS

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