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Published on 10/1/2010 in the Prospect News Emerging Markets Daily.

Emerging markets calendar

OCTOBER 4 WEEK

IXE BANCO SA: 10-year tier 1 junior subordinated bonds (B/B+); expected to be $100 million to $120 million in size; talked at 9¼% and 9¾%; retail bank based in Mexico City.

SM INVESTMENTS CORP: Benchmark-sized offering of dollar notes with coupon of at least 5.2% due 2017 as part of exchange offer; Citigroup, HSBC, BDO Capital & Investment; pricing expected Oct. 6; Pasay, Philippines-based business conglomerate and developer with interests in retail, mall operations and banking.

OCTOBER

GRUPO FERTINAL SA DE CV: $200 million five-year notes; UBS; roadshow ended Sept. 22; Mexico City-based phosphate fertilizer producer.

YASAR HOLDING AS: Dollar denominated notes due 2015 (expected rating: //B); Barclays Capital; Regulation S only; to fund a senior loan to Yasar by Barclays bank; roadshow started Sept. 20 in Germany, Switzerland, Holland, London; Turkey-based business conglomerate.

CHINA MEDICAL TECHNOLOGIES INC.: Up to $200 million senior notes due 2015 (/B+/B+); Deutsche Bank Securities, Standard Chartered Bank; non-callable for three years; Rule 144A/Regulation S; to redeem, repay or repurchase the company's convertible notes due 2011; Beijing-based medical device and diagnostics company.

BANCO DE CHILE: Dollar-denominated notes; Santiago-based lender.

QTEL INTERNATIONAL FINANCE LTD: Benchmark-sized dollar-denominated notes; Barclays Capital, Deutsche Bank, Mitsubishi UFJ Securities, Qatar National Bank, Standard Chartered Bank, RBS; Rule 144A/Regulation S; roadshow starts Oct. 4; subsidiary of Qatar-based telecommunications service provider Qatar Telecom QSC.

GAZPROMBANK: $400 million to $500 million add-on to 6% notes due Dec. 15, 2014; yield set at 6.1%; Barclays, JPMorgan; Regulation S only; Moscow-based joint stock bank of the gas industry and a subsidiary of Russian energy company Gazprom.

JORDAN: $500 million bonds due 2015; Arab Bank, Credit Suisse, HSBC, JPMorgan.

AB BANKAS SNORAS: Possible euro-denominated offering of notes; Commerzbank AG; roadshow in Europe started Sept. 13; lender based in Vilnius, Lithuania.

KENYA ELECTRICITY GENERATING CO. LTD. (KENGEN): Planned $1 billion bond issue; proceeds to finance $4.5 billion expansion plans; power producer based in Nairobi, Kenya.

CORPORACION NACIONAL DEL COBRE DE CHILE (CODELCO): Planned issue of up to $1 billion in dollar bonds; proceeds for general corporate purposes and for copper projects; state-owned copper company based in Santiago, Chile.

PETROLEOS DE VENEZUELA SA (PDVSA): Planned $3 billion bond; Caracas, Venezuela-based state-owned oil company.

PT PERUSAHAAN LISTRIK NEGARA (PLN): Possible $1 billion 10-year notes; pricing expected in 2011; Indonesian state-owned electric company.

KOREA NATIONAL OIL: Dollar-denominated benchmark notes; oil and gas company based in Anyang, South Korea.

VOTORANTIM CIMENTOS LTDA: $500 million perpetual notes; Deutsche Bank, HSBC, SG CIB; Sao Paulo-based cement manufacturer.

ON THE HORIZON

PKO BANK POLSKI SA: Five-year notes; HSBC, Societe Generale, PKO; Warsaw, Poland-based lender.

MEXICO: $1.8 billion-equivalent samurai bonds; Nomura, Misubishi UFJ, Mizuho; pricing expected in October.

BANCO CREDITO E INVERSIONES: Five-year dollar notes; BNP Paribas, JPMorgan; Rule 144A/Reguation S; lender based in Santiago, Chile.

YAPI KREDI: Possible issue of notes (BB/BBB-); Citigroup, Deutsche Bank, UNIC; commercial bank based in Istanbul, Turkey.

ISLAMIC DEVELOPMENT BANK: $1 billion sukuk offering; CIMB, four other banks; pricing expected in fourth quarter; proceeds to increase lending to member states coping with economic crisis; Jeddah, Saudi Arabia-based financial institution created to help economic development in 56 member countries.

CORPORACION FINANCIERA DE DESAROLLO (COFIDE): Planned issue of $250 million bonds; lender based in San Isidro, Peru.

E-LAND FASHION CHINA HOLDINGS LTD.: $200 million senior unsecured notes due 2013 (Ba2/BB-); Morgan Stanley; to fund capital expenditures and expand network; delayed; Shanghai-based women's apparel company.

INDONESIA: Planned sukuk offering worth $650 million; Citigroup, HSBC, Standard Chartered; delayed until 2011.

TRANSCREDITBANK: Up to $400 million three-year notes; JPMorgan, BNP Paribas; pricing expected before the end of 2010; Moscow-based commercial bank and subsidiary of JSC Russian Railways.

SABIC CAPITAL: Planned offering of five-year senior unsecured notes (expected ratings A1/A+/A+); JPMorgan, HSBC, RBS; Regulation S only; talked at mid-swaps plus 175 basis points; proceeds to refinance debt; delayed; petrochemical, fertilizer and metals conglomerate 70%-owned by the Kingdom of Saudi Arabia and based in Riyadh.

ZAMBIA: Planned issue of $1 billion bonds; proceeds for infrastructure improvements and power plant construction.

GULF INVESTMENT BANK: Expected dollar-denominated bonds or sukuk offering; Barclays Capital, GIB Financial, HSBC, UBS; timing and structure to be determined.

URUGUAY: Planned $1 billion issue of bonds, possible 20-year maturity.

ROADSHOWS

Started Sept. 13: AB BANKAS SNORAS: Possible euro-denominated offering of notes; Commerzbank AG.

Sept. 16-22: GRUPO FERTINAL SA DE CV: $200 million five-year notes; UBS.

Started Sept. 20: YASAR HOLDING AS: Dollar-denominated notes due 2015; Barclays Capital.

Started Sept. 22: CHINA MEDICAL TECHNOLOGIES INC.: $175 million notes due 2015 (/B+/B+); Deutsche Bank Securities, Standard Chartered Bank.

Starting Oct. 4: QTEL INTERNATIONAL FINANCE LTD: Benchmark-sized dollar-denominated notes; Barclays Capital, Deutsche Bank, Mitsubishi UFJ Securities, Qatar National Bank, Standard Chartered Bank, RBS.


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