Emerging markets calendar

SEPTEMBER 6 WEEK

GAZPROMBANK: $400 million to $500 million add-on to $500 million 6¼% 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.

TELEMAR NORTE LESTE SA: Benchmark-sized issue of senior unsecured notes due October 2020 (//BBB-); Bank of America Merrill Lynch, BNP Paribas, BTG Pactual, Itax; change-of-control put at 101; roadshow in London, New York, Boston and on West Coast Sept. 6-8; telecommunications company based in Rio de Janeiro.

BANCO DE CREDITO DEL PERU: Planned dollar-denominated, benchmark-sized issue of notes due 2020; Bank of America Merrill Lynch, Deutsche Bank; Rule 144A/Regulation S; roadshow in U.S. and London; lender based in Lima, Peru.

MONTENEGRO: Notes; Credit Suisse, Deutsche Bank; roadshow started Aug. 31 in Europe.

LITHUANIA: Possible issue of notes; Barclays Capital, HSBC, RBS; roadshow started Aug. 30 in Europe.

SEPTEMBER

ODEBRECHT FINANCE LTD: $250 million perpetual step-up notes (expected ratings Baa3/BB/BB+); Credit Suisse, Banco Itau; Rule 144A/Regulation S; non-callable for five years; proceeds to refinance outstanding 9 5/8% perpetual notes and other indebtedness; Salvador, Brazil-based business conglomerate.

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

POWERLONG REAL ESTATE HOLDINGS: Planned issue of senior notes (B1); HSBC, RBC; Rule 144A; proceeds to finance existing and new property projects and for general working capital; Fujian, China-based property developer.

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 $2 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 FINANCE CORP: $750 million notes; Barclays Capital, BNP Paribas, Citigroup, Credit Suisse, Korea Development Bank; proceeds will be used for general operations, including extending foreign currency loans; Seoul-based state-owned financial company.

BANCO NACIONAL DE DESENVOLVIMENTO ECONOMICO E SOCIAL (BNDES): Possible issue of notes; BNP Paribas, Credit Suisse, Deutsche Bank; roadshow starting Sept. 6 in Europe; state-owned development bank based in Rio de Janeiro.

ON THE HORIZON

BUENOS AIRES: Benchmark-sized notes due 2018.

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

SRI LANKA: $1 billion issue of 10-year notes; HSBC, RBS, Bank of America Merrill Lynch.

PHILIPPINES: Possible peso-denominated notes worth $1 billion, up from $500 million.

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.

KOREA HYDRO & NUCLEAR POWER CO: Planned issue of dollar-denominated notes (A1/A/); Bank of America Merrill Lynch, Citigroup, Deutsche Bank, HSBC Holdings; roadshow Sept. 6-8; Rule 144A/Regulation S; proceeds for general corporate purposes and to fund a three-month bridge loan; unit of Korea Electric Power Corp., a Seoul-based electric utility.

ALFA MTN ISSUANCE LTD: Possible issue of notes; Deutsche Bank, UBS; Russia's largest private lender.

SUZANO PAPEL E CELULOSE SA: Planned offering of bonds; pulp and paper company based in Salvador, Brazil.

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: Three-year notes; JPMorgan, BNP Paribas; 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.

QATAR ISLAMIC BANK: Planned sukuk offering of up to $750 million; HSBC, Credit Suisse; lender based in Doha, Qatar.

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.

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

ROADSHOWS

Started Aug. 30: LITHUANIA: Possible issue of notes; Barclays Capital, HSBC, RBS.

Started Aug. 31: MONTENEGRO: Notes; Credit Suisse, Deutsche Bank.

September: POWERLONG REAL ESTATE HOLDINGS: Planned issue of senior notes; HSBC, RBC.

Starting Sept. 6: BANCO NACIONAL DE DESENVOLVIMENTO ECONOMICO E SOCIAL (BNDES): Possible issue of notes; BNP Paribas, Credit Suisse, Deutsche Bank.

September 6-8: BANCO DE CREDITO DEL PERU: Planned dollar-denominated, benchmark-sized issue of notes due 2020; Bank of America Merrill Lynch, Deutsche Bank.

Sept. 6-8: TELEMAR NORTE LESTE SA: Possible issue of notes; Bank of America Merrill Lynch, BNP Paribas, BTG Pactual, Itax.

Starting Sept. 7: WOORI BANK: Non-deal roadshow; Bank of America Merrill Lynch, Deutsche Bank, HSBC, ING, UBS, Woori Investment & Securities.

© 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.