Emerging markets calendar: Wing Hang Bank to issue perpetuals

APRIL

WING HANG BANK LTD: Dollar-denominated offering of perpetual bonds; Citigroup, HSBC, UBS Investment Bank; Regulation S; roadshow in Hong Kong on April 10, Singapore on April 11, London on April 12; non-callable for 10 years; Hong Kong-based commercial bank.

WOORI BANK: Benchmark-sized offering of dollar-denominated hybrid bonds; Credit Suisse, Merrill Lynch, HSBC, ABN Amro, Deutsche Bank; 30-year tenor; non-callable for 10 years; to price towards the end of the month; financial institution based in Seoul, Korea.

SUHYUP BANK: Dollar-denominated five-year notes (A3/A-); Deutsche Bank, Standard Chartered Bank; part of the National Federation of Fisheries Cooperatives of Korea.

GS CALTEX CORP.: Dollar-denominated offering of 10-year bonds (Baa1); Barclays Capital, Deutsche Bank, Citigroup, Goldman Sachs; Regulation S; Seoul, Korea-based oil refining company.

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.

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.

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 Vishakapatnam in Andhra Pradesh; steelmaker based in Mumbai, India.

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

ROADSHOWS:

April 10-12: WING HANG BANK LTD: Dollar-denominated offering of perpetual bonds; Citigroup, HSBC, UBS Investment Bank

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