Emerging markets calendar: IRPC to sell expected $250 million 10-year notes

WEEK OF MAY 21

IRPC PCL: expected $250 million 10-year notes (Baa3/BBB-); Barclays Capital, Citigroup (joint books) Regulation S; roadshow in Singapore in May 17, Hong Kong on May 18, London on May 21; Bangkok-based petrochemical producer; price guidance set at mid-swaps plus 115 to 120 bps.

VSEUKRAINSKY AKSIONERNY BANK (VAB BANK): Inaugural offering of $150 million in three-year eurobonds (B2/B-); Credit Suisse, Deutsche Bank; Regulation S; roadshow in Hong Kong in May 15, in Singapore on May 16, London on May 17, in Switzerland on May 18, in Frankfurt and Vienna on May 21; Ukrainian financial institution and a member of the Kiev, Ukraine-based universal financial group VAB Group; price guidance set at 10% area.

OJSC GAZPROM :Two-part offering of pound- and euro-denominated eurobonds; ABN Amro and Morgan Stanley (joint books) for the benchmark-sized sterling tranche; ABN Amro and Societe Generale (joint books) for euro tranche; Regulation S; roadshow in London on May 21, Edinburgh and Paris on May 22, London and Milan on May 23; Russian state-controlled gas monopoly

ISLAMIC REPUBLIC OF PAKISTAN: Two-part offering of new dollar-denominated benchmark-sized issue and reopening of its dollar-denominated 2036 bonds (B1/B+); Citigroup, Deutsche Bank; HSBC; roadshow in Dubai on May 20, London and Singapore on May 21, Boston and Hong Kong on May 22, New York and Los Angeles on May 23, New York on May 24; expected May 25.

WEEK OF MAY 29

BANCO MACRO SA: Up to $100 million equivalent of Argentine peso-linked senior unsecured notes due 2012 (Ba1//B+); Citigroup; Rule 144A/Regulation S (with registration rights); from medium-term note financing program; roadshow in Europe May 24-25, New York on May 29, Boston May 30; Buenos Aires-based retail and commercial bank; pricing expected to take place on May 31.

MAY

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.

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

ROADSHOWS

May 15-21: VSEUKRAINSKY AKSIONERNY BANK (VAB BANK): Inaugural $150 million in three-year eurobonds: Credit Suisse, Deutsche Bank

May 16-21: IRPC PCL: Expected $250 million offering of 10-year notes; (Baa3/BBB-)Barclays Capital, Citigroup (joint books)

May 21-23: OJSC GAZPROM: Two-part offering of pound- and euro-denominated eurobonds; ABN Amro, Morgan Stanley, Societe Generale

May 20-24: ISLAMIC REPUBLIC OF PAKISTAN: Two-part offering of new dollar-denominated benchmark-sized issue and reopening of its dollar-denominated 2036 bonds (B1/B+); Citigroup, Deutsche Bank; HSBC

May 24-30: BANCO MACRO SA: Up to $100 million equivalent of Argentine peso-linked senior unsecured notes due 2012; Citigroup

© 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.