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Published on 10/14/2010 in the Prospect News Emerging Markets Daily.

Emerging markets calendar

OCTOBER 11 WEEK

UKREXIMBANK: $250 million tap of 8 3/8% senior unsecured notes due April 27, 2015; Credit Suisse; Regulation S; talked at 7½% to 7 5/8%; Ukraine's state-run import-export bank, based in Kiev, Ukraine.

CEAGRO AGRICOLA LTDA.: $100 million senior secured notes due May 2016; Jefferies; roadshow Oct. 5 to Oct. 15; guidance set at the 11% area; Rule 144A/Regulation S; proceeds to repay existing debt, for working capital and for general corporate purposes; Sao Paulo-based soft-commodities trading company.

TRADE DEVELOPMENT BANK OF MONGOLIA: $150 million three-year senior fixed-rate notes; ING; Regulation S only.

EMPRESA DISTRIBUIDORA Y COMERCIALIZADORA NORTE SA (EDENOR): Minimum $150 million 9¾% notes due 2022 as part of concurrent exchange and tender offers; Deutsche Bank, JPMorgan, Standard Bank; pricing expected near Oct. 15; Argentina-based electricity producer.

OCTOBER 18 WEEK

BANCO INDUSTRIAL E COMERCIAL SA (BICBANCO): Five-year senior notes (expected rating: Baa3); Citigroup, Itau, JPMorgan; Rule 144A/Regulation S; roadshow Oct. 18-19 in London, New York; Sao Paulo-based lender.

ISLAMIC DEVELOPMENT BANK: $1 billion sukuk offering; CIMB, Citigroup, HSBC, Standard Chartered; Regulation S; roadshow Oct. 12-20; 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.

SCF CAPITAL LTD.: Benchmark senior unsecured notes; guaranteed by Sovcomflot JCF; JPMorgan, Deutsche Bank, VTB Capital; roadshow Oct. 11 week; maritime shipping company based in St. Petersburg, Russia.

RUSHYDRO FINANCE LTD.: Ruble-denominated notes (expected rating: //BB+); proceeds for general corporate purposes and capital expenditures; hydroelectricity company based in Krasnoyarsk, Russia.

ALROSA: $1 billion notes due 2020; JPMorgan, UBS, VTB Capital; roadshow starting Oct. 19; state-owned diamond mining company based in Moscow.

POSCO: Dollar-denominated global bonds of up to $700 million; Pohang, South Korea-based integrated steel producer.

AVANGARD GROUP: Dollar bond; JPMorgan, Troika Dialog; Regulation S; roadshow Oct. 11 week; Ukraine-based egg producer.

OAO PROBUSINESS BANK: Subordinated 5.5-year notes; Moscow-based lender.

NOMOS-BANK: More than $300 million eurobond notes; roadshow Oct. 11 week; Moscow-based lender.

OCTOBER

ARAMCO: $1 billion sukuk with France's Total; Credit Agricole, Deutsche Bank, Samba Financial; state-owned national oil company based in Dhahran, Saudi Arabia.

ABU DHABI ISLAMIC BANK: Sukuk issue of notes; Barclays Capital, HSBC, Standard Chartered; Regulation S only; lender based in Abu Dhabi, United Arab Emirates.

BANCO DE ORO UNIBANK INC. (BDO): Dollar-denominated fixed-rate senior notes due in 5½ years; Citigroup, UBS; Regulation S; lender based in Mandaluyong City, the Philippines, and owned by SM Investments Corp.

MOSCOW CREDIT BANK: Eurobond issue totaling about $300 million; Commerzbank, RZB, ING; roadshow started Oct. 14; Moscow-based lender.

KAZKOMMERTSBANK: Seven-year notes of up to $750 million (B//B-); JPMorgan, UBS; roadshow starting Oct. 18; Almaty, Kazakhstan-based lender.

SBERBANK: CHF-denominated notes; BNP Paribas, UBS; roadshow Oct. 20-22; Moscow-based lender.

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

NEUQUEN PROVINCE: $200 million notes; proceeds for repayment of debt; province of Argentina.

TELEMAR NORTE LESTE: Up to R$1 billion in notes; shareholders vote on Oct. 20; proceeds for general corporate purposes, including repayment of short-term debt; Rio de Janeiro-based telecommunications company.

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.

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

CORPORACION NACIONAL DEL COBRE DE CHILE (CODELCO): Planned issue of up to $1.8 billion in bonds; proceeds for general corporate purposes and for copper projects; state-owned copper company based in Santiago, Chile.

PETROLEOS DE VENEZUELA SA (PDVSA): $3 billion bonds due 2017; concurrent debt swap of $3 billion 2011 bonds for new 2013 bond; investors can buy the dollar notes in bolivars; Caracas, Venezuela-based state-owned oil company.

KOREA NATIONAL OIL: Dollar-denominated benchmark notes; Barclays, BNP Paribas, Credit Suisse, Deutsche Bank, Korea Development Bank; oil and gas company based in Anyang, South Korea.

NIGERIA: $500 million bond; Barclays, FBN Capital.

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

ON THE HORIZON

RAS AL-KHAIMAH: Benchmark-sized bond; Citigroup, RBS; emirate in the United Arab Emirates.

INTERNATIONAL PETROLEUM INVESTMENT CO. (IPIC): Benchmark-sized bonds; Abu Dhabi-based entity that oversees foreign investment in the oil industry.

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

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

SRI LANKA TELECOM PLC: Up to $125 million in bonds; proceeds to fund expansion plans; telecommunications service provider based in Colombo, Sri Lanka.

BANCO CREDITO E INVERSIONES: $200 million five-year notes; BNP Paribas, JPMorgan; Rule 144A/Regulation S; postponed; lender based in Santiago, Chile.

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 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.

CHINA MEDICAL TECHNOLOGIES INC.: Up to $200 million senior notes due 2015 (/B+/B+); Deutsche Bank, Standard Chartered Bank; non-callable for three years; Rule 144A/Regulation S; to redeem, repay or repurchase the company's convertible notes due 2011; delayed; Beijing-based medical device and diagnostics 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 $500 million to $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.

Oct. 5-15: CEAGRO AGRICOLA LTDA.: $100 million notes due 2016; Jefferies; Sao Paulo-based soft-commodities trading company.

Started Oct. 6: RELIANCE HOLDING USA LTD.: Dollar-denominated benchmark notes due 2020 and 2040; Bank of America Merrill Lynch, Citigroup, HSBC, RBS.

Oct. 12-20: ISLAMIC DEVELOPMENT BANK: $1 billion sukuk offering; CIMB, Citigroup; HSBC, Standard Chartered.

Oct. 11 week: AVANGARD GROUP: Dollar bond; JPMorgan, Troika Dialog.

Oct. 11 week: OAO PROBUSINESS BANK: Subordinated 51/2-year notes.

Oct. 11 week: NOMOS-BANK; More than $300 million eurobond notes.

Oct. 11 week: SCF CAPITAL LTD.: Benchmark senior unsecured notes; guaranteed by Sovcomflot JCF; JPMorgan, Deutsche Bank, VTB Capital.

Started Oct. 14: MOSCOW CREDIT BANK: Eurobond issue totaling about $300 million; Commerzbank, RZB, ING.

Starting around Oct. 18: ABU DHABI ISLAMIC BANK: Sukuk issue of notes; Barclays Capital, HSBC, Standard Chartered.

Starting Oct. 18: CREDITO IMMOBILIARIO: Non-deal roadshow; HSBC, Heritage Capital; Mexico-based mortgage lender owned by Spain's Caja de Ahorros del Mediterraneo.

Starting Oct. 18: KAZKOMMERTSBANK: Seven-year notes of up to $750 million; JPMorgan, UBS.

Oct. 18-19: BANCO INDUSTRIAL E COMERCIAL SA (BICBANCO): Five-year senior notes; Citigroup, Itau, JPMorgan.

Starting Oct. 19: ALROSA: $1 billion notes; JPMorgan, UBS, VTB Capital.

Oct. 20-22: SBERBANK: Swiss franc-denominated notes; BNP Paribas, UBS.


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