Emerging markets calendar

APRIL 19 WEEK

VOTORANTIM PARTICIPACOES SA (Baa3/BBB/BBB-): Planned eurobond issue; Deutsche Bank, HSBC, SG Corporate & Investment Banking; Sao Paulo-based conglomerate.

RUSSIAN FEDERATION (Baa1/BBB/BBB): Five- and 10-year dollar-denominated eurobonds; Barclays Capital, Citigroup, Credit Suisse, VTB Capital; Rule 144A/Regulation S; price talk at Treasuries plus 125 bps for five-year bonds, Treasuries plus 137.5 bps for 10-year bonds; roadshow ends April 21 in New York; likely to price Friday.

APRIL

EGYPT: Possible benchmark-sized issue of 10-year notes; could price as soon as April 23.

GLORIOUS PROPERTY HOLDINGS LTD.: Dollar-denominated global bonds (expected ratings B1/B+); Deutsche Bank Securities, JPMorgan, Standard Chartered Bank; Hong Kong-based mainland China property developer; roadshow starts April 15.

ESSAR STEEL HOLDINGS LTD. and GALLOP HOLDINGS LLC: Benchmark dollar-denominated senior unsecured notes due 2017 (B2/B); UBS Investment Bank, Bank of America Merrill Lynch, Deutsche Bank Securities, Standard Chartered Bank (joint); Rule 144A/Regulation S for life; non-callable for four years; to refinance existing debt, to fund capital expenditures and acquisitions and for general corporate purposes; vertically integrated global steel producer based in Mumbai, India; roadshow April 12-22.

KAISA GROUP HOLDINGS LTD.: $300 million senior guaranteed notes due 2015 (B2/B+); Citigroup, Credit Suisse, UBS Investment Bank; Rule 144A/Regulation S; non-callable for three years; to refinance debt, fund land acquisition and property development, and for general corporate purposes; Shenzhen, China-based property development company; roadshow April 12-21.

TERPHANE, INC.: $90 million secured notes due 2017; PrinceRidge Group (sole); Rule 144A for life; non-callable for four years; to repay Libor plus 970 bps secured notes and 12% secured notes; polyester films manufacturer based in Bloomfield, N.Y., and Sao Paulo; roadshow started March 15.

VNESHECONOMBANK (VEB): Dollar bonds due 2011; Renaissance Capital, Raiffeisenbank; talked at six-month Libor plus 100 bps; Moscow-based Bank for Development and Foreign Economic Affairs.

ON THE HORIZON

MHP SA: Planned notes; Morgan Stanley, UBS, ING; proceeds for general corporate purposes, business expansion, loan repayment; Ukraine-based agricultural company that focuses on poultry, beef and grain.

UKREXIMBANK: Planned five-year bond; state-run import-export bank based in Kiev, Ukraine.

AXIATA GROUP: Planned issue of up to $300 million 10-year notes; Goldman Sachs, Morgan Stanley, CIMB Bank; proceeds for general corporate purposes and to repay a loan to subsidiary SunShare Investments Ltd.; telecommunications and consulting services provider based in Kuala Lumpur.

INDEPENDENCIA ALIMENTOS SA: $150 million senior secured notes due 2015; beef producer based in Sao Paulo.

REPUBLIC OF HUNGARY (Baa1/BBB-/BBB): Benchmark global notes due 2020; Citigroup, Deutsche Bank; SEC registered.

MEXICO: Planned 4% inflation-linked bonds due Nov. 15, 2040; Banamex, HSBC, ING, Bank of America Merrill Lynch.

DOMINICAN REPUBLIC: Expected benchmark dollar-denominated sovereign global bonds; Barclays Capital, Citigroup; timing and structure to be determined.

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

LATVIA: Planned euro-denominated offering of notes; Citigroup, Credit Suisse

VNESHECONOMBANK (VEB): Eurobonds; Barclays, Citigroup, HSBC, Societe Generale, ING, Troika Dialog and VTB Capital; Moscow-based Bank for Development and Foreign Economic Affairs.

ROADSHOWS

Started March 15: TERPHANE, INC.: $90 million secured notes due 2017; PrinceRidge Group.

April 12-21: KAISA GROUP HOLDINGS LTD.: $300 million senior guaranteed notes due 2015; Citigroup, Credit Suisse, UBS Investment Bank.

April 12-22: ESSAR STEEL HOLDINGS LTD. and GALLOP HOLDINGS LLC: Benchmark dollar-denominated senior unsecured notes due 2017; UBS Investment Bank, Bank of America Merrill Lynch, Deutsche Bank Securities, Standard Chartered Bank.

April 13-21: RUSSIAN FEDERATION: Five- and 10-year eurobonds; Barclays Capital, Citigroup, Credit Suisse, VTB Capital.

Started April 15: GLORIOUS PROPERTY HOLDINGS LTD.: Dollar-denominated global bonds; Deutsche Bank Securities, JPMorgan, Standard Chartered Bank.

April 15-23: KOREA WATER RESOURCES CORP (A2/A/): Non-deal roadshow; Standard Chartered Bank, BNP Paribas, Daewoo Securities, Deutsche Bank, Goldman Sachs, Morgan Stanley; Daejeon, South Korea-based overseer of water resources for South Korea.

April 19-20: VOTORANTIM PARTICIPACOES SA: Planned Eurobond issue; Deutsche Bank, HSBC, SG Corporate & Investment Banking.

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