Emerging markets calendar

MAY 10 WEEK

MOROCCO: Euro-denominated benchmark-sized issue of global bonds; Barclays, HSBC, Natixis; roadshow late April.

FINSPACE SA: $460 million senior unsecured notes due 2015 (B1/B+/B+); Citigroup, Credit Suisse, Barclays Capital, Morgan Stanley; non-callable for three years; plate mill expansion, debt refinancing, acquisition and general corporate purposes; Bangkok-based manufacturer and fabricator of pipes and related components for use in the petrochemical sector; global roadshow started April 29 and extended into May 10 week; pricing expected soon after.

FIRST RAND LTD: Planned benchmark-sized five-year bonds; JPMorgan, Mitsubishi UFJ Financial Group, Standard Chartered, UBS; Johannesburg, South Africa-based financial services company.

JSC NATIONAL ATOMIC CO. (KAZATOMPROM): Planned issue of unsecured notes (expected rating Baa3/BBB-); could total $500 million; BNP, JPMorgan; Rule 144A/Regulation S; proceeds for general corporate purposes; roadshow started May 4 in Europe, Kazakhstan and the United States; Kazakhstan government-owned nuclear holding company.

ZHAIKMUNAI: Planned issue of notes (B3); Citibank, JPMorgan, ING; oil exploration, development and production company based in Kazakhstan.

BANCO CRUZEIRO DO SUL (Ba2): Planned five-year notes; Bank of America Merrill Lynch, BCP Securities, UBS; whispered at 9% to 9½%; Sao Paulo-based lender.

MCE FINANCE LTD. (MELCO CROWN ENTERTAINMENT LTD.): $600 million senior unsecured notes due 2018 (B1/B+); Deutsche Bank Securities, Bank of America Merrill Lynch, RBS Investment Bank, ANZ Investment Bank, Barclays Capital, Citigroup, Commerz, Credit Agricole, NAB Securities, UBS Investment Bank; Rule 144A/Regulation S with registration rights; non-callable for four years; to reduce debt under the company's City of Dreams project facility; Hong Kong-based developer, owner and ó through a Macau subsidiary that holds a gaming sub-concession ó and operator of casino gaming and entertainment casino resort facilities focused on the Macau market; roadshows: Singapore, Hong Kong and London on May 3 and May 4, U.S. roadshow began May 5; general investor call May 6, U.S. roadshow ends May 10; pricing expected May 11.

MAY

CHINA ORIENTAL GROUP CO. LTD.: Planned dollar-denominated issue of senior notes; Deutsche Bank, ING; Rule 144A/Regulation S; proceeds to fund working capital, capital expenditures and general corporate purposes, including possible acquisition; roadshow started May 3; integrated iron and steel manufacturer.

CREDIT EUROPE BANK LTD (//BB-): Planned eurobond issue; Citibank; roadshow started May 6; Russian lender controlled by Turkey's Fiba Group, a financial conglomerate.

SBERBANK: Planned benchmark-sized eurobond; roadshow set for May via DZ Bank, JPMorgan, RBS; Moscow-based lender.

ON THE HORIZON

ARGENTINA: Planned $1 billion 8¾% global bonds due 2017; part of debt-swap plan; Barclays Capital, Citigroup Global Markets, Deutsche Bank Securities.

ALBANIA: Dollar-denominated bonds; total could be $300 million; JPMorgan, Deutsche Bank.

RENHE COMMERCIAL HOLDINGS CO LTD (Ba2/BB): Planned benchmark-sized five-year senior notes; Bank of America Merrill Lynch, BOC International, JPMorgan, UBS; Rule 144A/Regulation S; proceeds to finance existing projects, to acquire and develop new projects and for working capital; roadshow started April 30; Harbin, China-based developer and operator of underground shopping centers.

SLOVAK REPUBLIC (A1/A+/A+): Euro-denominated benchmark-sized issue of 10-year notes; Barclays Capital, Deutsche Bank, Slovenska Sporitelna, ING; subject to market conditions.

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

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 April 29: FINSPACE SA: $460 million senior unsecured notes due 2015; Citigroup, Credit Suisse, Barclays Capital, Morgan Stanley.

May: SBERBANK: Planned benchmark-sized eurobond; DZ Bank, JPMorgan, RBS.

Started May 3: CHINA ORIENTAL GROUP CO. LTD.: Planned dollar-denominated issue of senior notes; Deutsche Bank, ING.

May 3-10: MCE FINANCE LTD. (MELCO CROWN ENTERTAINMENT LTD.): $600 million senior unsecured notes due 2018; Deutsche Bank Securities, Bank of America Merrill Lynch, RBS Investment Bank, ANZ Investment Bank, Barclays Capital, Citigroup, Commerz, Credit Agricole, NAB Securities, UBS Investment Bank.

Started May 6: CREDIT EUROPE BANK LTD: Planned eurobond issue; Citibank.

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