Emerging markets calendar

NOVEMBER 8 WEEK

DAH SING BANK LTD.: $50 million to $75 million add-on to notes due Oct. 7, 2013; HSBC; talked at Libor plus 135 bps; lender based in Hong Kong.

AEROSPACE SATELLITE CORP. HOLDING BV: $180 million to $200 million senior secured guaranteed notes due 2015; HSBC, Standard Chartered; Rule 144A/Regulation S; non-callable for three years; roadshow started Oct. 29; final guidance in 12¾% area; proceeds to finance acquisitions and other issue-related expenses; special purpose vehicle of PT MNC Sky Vision, an Indonesia-based satellite pay television company.

BANCO BVA SA: Dollar-denominated issue of three-year bullet notes (expected ratings: B2//B-); BCP Securities, UBS; Regulation S only; proceeds for general corporate purposes and credit portfolio growth; price talk at 7½% area; lender based in Rio de Janeiro.

THE REPUBLIC OF LEBANON: $500 million eight-year notes, talked to yield between 5.15% and 5.2%; $225 million 12-year notes, talked to yield 6.1% to 6.15%; Bank of Beirut, Credit Suisse.

ODEBRECHT DRILLING NORBE XII/IX LTD.: $1.5 billion, 10-year final, 8.1-year average life bonds; Santander, HSBC, Deutsche Bank, BB Securities; roadshow Nov. 1-5; Rule 144A/Regulation S; proceeds to refinance existing debt related to construction and operation of two deepwater drill ships; wholly owned subsidiary of Brazil-based Odebrecht Oleo e Gas SA.

QATAR NATIONAL BANK: Benchmark dollar bond; Barclays Capital, BNP Paribas, JPMorgan, QNB Capital, Standard Chartered; Regulation S only; roadshow started Nov. 3.

FIRST GULF BANK PJSC: Dollar-denominated offering of notes due 2015 (A2//A+); BNP Paribas, Citigroup, Deutsche Bank, HSBC, National Bank of Abu Dhabi; Regulation S; lender based in Abu Dhabi.

MRIYA AGRO HOLDING PLC: Dollar bonds (expected ratings: /B/B-); Bank of America Merrill Lynch, UBS; roadshow started Nov. 3; Rule 144A/Regulation S; Ukraine-based agriculture producer and trader.

SAUDI BRITISH BANK: Dollar five-year bond (/A/A); HSBC; Regulation S; lender part-owned by HSBC and based in Riyadh, Saudi Arabia.

INTERNATIONAL PETROLEUM INVESTMENT CO. (IPIC): Benchmark-sized dollar bonds due 2015, 2020 (Aa3/AA/AA); roadshow started Oct. 31; Goldman Sachs, Bank of America Merrill Lynch, HSBC, National Bank of Abu Dhabi, Standard Chartered, RBS; Rule 144A/Regulation S; Abu Dhabi-based entity that oversees foreign investment in the oil industry.

VNESHECONOMBANK: Dollar benchmark notes; Citigroup, Credit Agricole, HSBC, JPMorgan; Rule 144A/Regulation S; roadshow Nov. 8-9; Moscow-based Bank for Development and Foreign Affairs.

TVN FINANCE CORP III AB: €715 million eight-year notes; Nomura, JPMorgan, Deutsche Bank; Rule 144A/Regulation S; proceeds to refinance existing indebtedness; roadshow Nov. 8-9 in London; non-callable for three years; cable television operator based in Warsaw, Poland.

GULF GENERAL INVESTMENT CO.: Possible $300 million notes due 2015 (B1); Deutsche Bank, HSBC, Standard Chartered; roadshow started Nov. 2; proceeds to refinance and reduce existing short-term debt and for general corporate purposes; Dubai-based real estate company.

CHINA FORESTRY HOLDINGS: Dollar five-year notes; Deutsche Bank, Standard Chartered, UBS; Rule 144A/Regulation S; proceeds for forest acquisitions and general corporate purposes; non-callable for three years; plantation forest operator based in Fujian Province, China.

NOVEMBER 15 WEEK

TURKIYE IS BANKASI AS (ISBANK): Benchmark notes (expected Ba1//BBB-); JPMorgan, RBS, Standard Bank, Standard Chartered; Rule 144A/Regulation S; roadshow Nov. 8-10; lender based in Istanbul, Turkey.

REPUBLIC OF PERU: Dollar-denominated bonds; Bank of America Merrill Lynch, Morgan Stanley; Securities and Exchange Commission registered; proceeds to reimburse Peru's Public Treasury about $63 million in connection with the financing and tender offer of global bonds from April, and to pre-finance a portion of the general financial requirements for the year 2011; concurrent offer of sol-denominated bonds in a Rule 144A and Regulation S transaction; roadshow Nov. 8 week.

NOVEMBER

CYRELA BRAZIL REALTY SA: Possible perpetual notes; Credit Suisse, Itau, Morgan Stanley; roadshow Nov. 1-5; residential construction and real estate developer based in Sao Paulo.

MAQUINARIA ESPECIALIZADA MXO TRUST: $160 million notes; Santander; Rule 144A/Regulation S; roadshow started Oct. 27; special purpose vehicle designed to provide construction machinery services to Corporacion GEO, a Mexico City-based homebuilder.

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

OAO PROBUSINESS BANK: Subordinated 51/2-year notes; Moscow-based lender.

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

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

NEUQUEN PROVINCE: $250 million floating-rate notes with 10-year maximum tenor; proceeds for repayment of debt or to finance infrastructure projects; province of Argentina.

AES ANDRES DOMINICANA SPV: Dollar-denominated offering of 10-year bonds (expected rating: //B-); Credit Suisse, Deutsche Bank; special purpose vehicle for Virginia-based AES, a private power generator in the Dominican Republic.

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

ANHEUSER-BUSCH INBEV WORLDWIDE INC: Real-denominated notes due 2015; Barclays Capital, Deutsche Bank, Itau; Securities and Exchange Commission registered; proceeds to repay certain outstanding debt and for general corporate purposes; payable in dollars; beverage company.

ON THE HORIZON

CENCOSUD SA: Up to $900 million of bonds; JPMorgan, Deutsche Bank, Santander; proceeds to refinance debt; Chile-based retail company.

GEORGIA: $500 million 10-year bonds.

UNITED GULF BANK: Bonds; Standard Chartered; Bahrain-based lender and subsidiary of Kuwait-based Kipco.

DOHA BANK: $500 million bonds; JPMorgan, Morgan Stanley; Qatar-based lender.

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

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 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.

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

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

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

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

Started Oct. 27: MAQUINARIA ESPECIALIZADA MXO TRUST: Dollar-denominated notes; Santander.

Oct. 27-28: BANK OF MOSCOW: Non-deal roadshow; UBS, ING.

Started Oct. 29: AEROSPACE SATELLITE CORP. HOLDING BV: Dollar-denominated senior secured guaranteed notes due 2015; HSBC, Standard Chartered.

Oct. 31-Nov.9: INTERNATIONAL PETROLEUM INVESTMENT CO.: Benchmark-sized bonds; roadshow started Oct. 31; Goldman Sachs, Bank of America Merrill Lynch, HSBC, National Bank of Abu Dhabi, Standard Chartered, RBS.

Nov. 1-5: ODEBRECHT DRILLING NORBE XII/IX LTD.: $1.5 billion, 10-year final, 8.1-year average life bonds; Santander, HSBC, Deutsche Bank, BB Securities.

Nov. 1-5: CYRELA BRAZIL REALTY SA: Possible notes; Credit Suisse, Itau, Morgan Stanley.

Started Nov. 2: GULF GENERAL INVESTMENT CO.: Dollar notes due 2015; Deutsche Bank, HSBC, Standard Chartered.

Started Nov. 3: QATAR NATIONAL BANK: Benchmark dollar bond; Barclays Capital, BNP Paribas, JPMorgan, QNB Capital, Standard Chartered.

Started Nov. 3: FIRST GULF BANK: Dollar-denominated offering of notes; BNP Paribas, Citigroup, Deutsche Bank, HSBC, National Bank of Abu Dhabi.

Started Nov. 3: MRIYA AGRO HOLDING PLC: Dollar bonds; Bank of America Merrill Lynch, UBS.

Started Nov. 4: CHINA FORESTRY HOLDINGS: Dollar five-year notes; Deutsche Bank, Standard Chartered, UBS.

Ending Nov. 8 week: PERU: Dollar-denominated notes; Bank of America Merrill Lynch, Morgan Stanley.

Nov. 8-9: VNESHECONOMBANK: Dollar benchmark notes; Citigroup, Credit Agricole, HSBC, JPMorgan.

Nov. 8-9: TVN FINANCE CORP III AB: €715 million eight-year notes; Nomura, JPMorgan, Deutsche Bank.

Nov. 8-10: TURKIYE IS BANKASI AS (ISBANK): Benchmark notes; JPMorgan, RBS, Standard Bank, Standard Chartered.

© 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.