E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
Published on 6/9/2011 in the Prospect News Emerging Markets Daily.

Emerging markets calendar

JUNE 6 WEEK

UKRAINE: Benchmark-sized dollar notes due 2016 (B2/B+/B); JPMorgan, Morgan Stanley, VTB Capital; Rule 144A/Regulation S; talked at 6 3/8% area.

EGYPT: $1 billion notes due 2016.

INDUSTRIAL DEVELOPMENT BANK OF INDIA LTD. (IDBI BANK): $250 million seven-year notes; Swiss franc-denominated notes; BNP Paribas, Credit Suisse, UBS; lender based in Mumbai, India.

KB KOOKMIN BANK: Possible notes; BNP Paribas, JPMorgan, ING, RBS, UBS; roadshow started May 30; lender based in Seoul, South Korea.

PT ALUCO: Possible notes; BNP Paribas, DBS Bank; roadshow May 30-June 1; copper and aluminum rod fabricator based in West Java, Indonesia.

KOREA HYDRO & NUCLEAR POWER (KHNP): Possible notes; Barclays Capital, Goldman Sachs, Morgan Stanley, RBS and Samsung Securities; Seoul, South Korea-based subsidiary of Korea Electric Power Corp. (Kepco).

OJSC OTP BANK; Possible notes; BNP Paribas, Deutsche Bank; lender based in Budapest.

AFRICAN BANK LTD.: $300 million five-year notes; Credit Suisse, Goldman Sachs, Standard Chartered, Rand Merchant Bank; roadshow ends June 7; Regulation S only; Johannesburg, South Africa-based lender.

REPUBLIC OF LATVIA: Benchmark dollar notes due 2021; Citigroup, Credit Suisse; Rule 144A/Regulation S.

ROMANIA: Benchmark-sized euro notes due 2016; Erste Group, Societe Generale; roadshow started June 6; Regulation S; talked at mid-swaps plus 260 bps area.

JUNE 13 WEEK

KOKS GROUP: RUB 5 billion notes due 2014; Bank of America Merrill Lynch, Credit Suisse, Troika Dialog, VTB Capital; Rule 144A/Regulation S; roadshow starts June 8; whispered at 8½%; coke and pig iron producer and miner based in Moscow.

OAO PROBUSINESSBANK: Dollar notes; BCP Securities, UBS; Regulation S; roadshow June 8-14; commercial lender based in Moscow.

CZECH RAILWAYS: €300 million notes; Barclays Capital, Erste, Societe Generale; roadshow starts June 10; Regulation S; Prague-based rail company.

ESSAR SERVICES MAURITIUS/AEGIS LTD.: $300 million senior notes due 2016 (/BB-/BB-); Deutsche Bank Securities Inc., UBS Investment Bank, Standard Chartered Bank; Rule 144A and Regulation S; non-callable for three years; to repay debt and for general corporate purposes; Mumbai, India, provider of outsourcing services; Asian roadshow begins June 9, U.S. roadshow begins June 14; pricing end of June 13 week.

JUNE

DUBAI: Dollar benchmark notes; UBS, RBS, Emirates NBD; roadshow June 13 week.

STATE OIL CO. OF AZERBAIJAN (SOCAR): $500 million notes; state-owned oil and gas company based in Baku, Azerbaijan.

ELERING AS: Notes; Deutsche Bank, Nordea Markets; Regulation S only; roadshow June 6-10; sovereign-owned operator of the national electricity grid, based in Tallinn, Estonia.

BANCO SANTANDER CHILE: Possible notes; Bank of America Merrill Lynch, JPMorgan, Santander; roadshow June 6-10; Chile-based subsidiary of financial services company Grupo Santander.

OAO RUSSIAN RAILWAYS CO.: Tap of 7.487% sterling notes due March 25, 2031; railway company based in Moscow.

BANCO SAFRA SA: Real-denominated notes due Jan. 5, 2015; Banco Safra; Regulation S; payable in dollars; proceeds for general corporate purposes; lender based in Sao Paulo.

BANCO NACIONAL DE DESENVOLVIMENTO ECONOMICO E SOCIAL (BNDES): Possible notes; BNP Paribas, Credit Suisse; roadshow June 16-17; lender based in Rio de Janeiro.

JULY

DEVELOPMENT BANK OF KAZAKHSTAN: $800 million notes; Astana, Kazakhstan-based lender.

CELULOSA ARGENTINA SA: Up to $150 million seven-year notes; Citigroup, Credit Suisse; paper and pulp company based in Martinez, Argentina.

SEPTEMBER

ANGOLA: $500 million notes.

REPUBLIC OF KAZAKHSTAN: Dollar sukuk notes.

OCTOBER

POLSKIE GORNICTWO NAFTOWE I GAZOWNICTOW (PGNIG): €500 million bonds; BNP Paribas, Societe Generale, Unicredit; Poland-based natural gas company.

2011

SERBIA: $1 billion bonds.

SAUDI ELECTRICITY CO.: $1 billion to $1.5 billion sukuk notes; Saudi Arabia-based power generator and distributor.

REPUBLIC OF SRI LANKA: Dollar 10-year notes.

QATAR ISLAMIC BANK: $1 billion sukuk notes with tenor of more than five years; lender based in Doha, Qatar.

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

NTPC LTD.: Dollar benchmark notes due 2021; Barclays Capital, Citigroup, Deutsche Bank, RBS; Regulatoin S; roadshow upcoming; government-owned power generator based in Delhi, India.

AGROTON PLC: Dollar notes due 2014; VTB Capital, Dragon Capital; Regulation S; roadshow started May 10; talked at 12% area; vertically integrated agriculture company based in Lugansk, Ukraine.

BYBLOS BANK: $300 million 10-year notes; Byblos Bank; talked at 7% yield; proceeds for general corporate purposes; lender based in Beirut, Lebanon.

CHINA QINFA GROUP LTD.: $150 million to $200 million five-year notes; UBS; Rule 144A/Regulation S; non-callable for three years; roadshow started May 4; proceeds for general corporate purposes, to refinance existing debt, for potential acquisitions and for capital expenditures; talk set at 11% area; coal company based in Hong Kong.

MORGAN STANLEY: Real-denominated notes due May 2015; Morgan Stanley, Itau; Rule 144A/Regulation S; payable in dollars.

NITROGENMUVEK ZRT: Possible notes; BNP Paribas; roadshow May 11-13; fertilizer producer based in Petfurdo, Hungary.

GCL-POLY ENERGY HOLDINGS LTD.: Dollar fixed-rate senior notes (expected ratings: /BB/BBB-); RBS, Standard Chartered Bank, BOC International, BNP Paribas; Rule 144A/Regulation S; roadshow started on or near May 18; proceeds for capital expenditures, refinancing debt, general corporate purposes; green energy supplier based in Hong Kong.

2012

TOURISM DEVELOPMENT & INVESTMENT CO.: $1 billion notes; proceeds for construction and other projects; developer based in Abu Dhabi.

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

ON THE HORIZON

CLP POWER HONG KONG LTD.: 10-year dollar notes; Hong Kong-based electric company.

RHB BANK BHD.: $300 million to $500 million senior notes; Bank of America Merrill Lynch, Goldman Sachs; Kuala Lumpur-based lender.

GLOBAL BIO-CHEM TECHNOLOGY GROUP CO. LTD.: Bonds; HSBC; Regulation S; proceeds for repayment of existing debt; Hong Kong-based manufacturer and seller of corn-related products.

COSTA RICA: Possible notes.

QATAR GENERAL INSURANCE AND REINSURANCE CO. SAQ: Up to $500 million of notes; issuance likely after March 8; provides energy insurance to the energy and petrochemical industry in Doha, Qatar.

CITIC PACIFIC LTD.: Possible notes; HSBC, UBS; Hong Kong-based business conglomerate.

PROVINCE OF BUENOS AIRES: $500 million bonds.

GLOBAL DAIRY HOLDINGS LTD.: Renminbi notes; Bank of America Merrill Lynch, Macquarie Group; proceeds for general corporate purposes and to finance company's vertical integration plan; milk and milk products manufacturer and marketer based in Hong Kong.

ZAMBIA: Dollar notes.

VIETNAM BANK FOR INDUSTRY AND TRADE (VIETINBANK): $500 million to $1 billion notes; Barclays, Credit Suisse, Goldman Sachs, JPMorgan; issuance likely in 2011.

TURKIYE VAKIFLAR BANKAS TAO (VAKIFBANK): Between $500 million and $1 billion five-year notes; Ankara, Turkey-based lender.

EURASIAN BANK JSC: Up to $300 million of bonds, possible ruble bonds; Kazakhstan-based lender.

TECHNIKABANK OJSC: Dollar notes (//B-); Commerzbank AG, HSBC; change-of-control put if three main shareholders cease to own more than 50% of company; Azerbaijan-based lender.

SLOVAK REPUBLIC: Tap of bonds due Feb. 24, 2016; KBC Group, Erste Group, Intesa Sanpaolo Group.

REPUBLIC OF KENYA: Notes; issuance likely by June 2013.

CITY OF KIEV: $300 million notes; Credit Suisse linked to deal.

OAO ASB BELARUSBANK: Dollar-denominated bond of up to $500 million.

IFH PERU LTD.: $100 million tap of 8 5/8% bonds due 2019; Barclays Capital, IMT Trust; Lima, Peru-based financial services company.

AL BARAKA BANKING GROUP: Up to $500 million sukuk issue of five-year notes; Bahrain-based Islamic lender.

POLSKI KONCERN NAFTOWY ORLEN SA (PKN ORLEN): Euro-denominated notes; Citigroup, Deutsche Bank, RBS; Regulation S; roadshow started Nov. 17; could be postponed; Plock, Poland-based oil refiner and petrol retailer.

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.

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.

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, Chile-based lender.

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

SRI LANKA TELECOM PLC: Up to $125 million of 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.

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

Started May 4: CHINA QINFA GROUP LTD.: $150 million to $200 million five-year notes; UBS.

Started May 10: AGROTON PLC: Dollar notes; VTB Capital, Dragon Capital.

May 11-13: NITROGENMUVEK ZRT: Possible notes; BNP Paribas.

Started on or near May 18: GCL-POLY ENERGY HOLDINGS LTD.: Dollar fixed-rate senior notes; RBS, Standard Chartered Bank, BOC International, BNP Paribas.

Started May 30: KB KOOKMIN BANK: Possible notes; BNP Paribas, JPMorgan, ING, RBS, UBS.

May 30-June 1: PT ALUCO: Possible notes; BNP Paribas, DBS Bank.

Started June 2: OJSC OTP BANK; Possible notes; BNP Paribas, Deutsche Bank.

Started June 6: ROMANIA: Notes; Erste Group, Societe Generale.

Started June 6: KOREA HYDRO & NUCLEAR POWER (KHNP): Possible notes; Barclays Capital, Goldman Sachs, Morgan Stanley, RBS and Samsung Securities.

Ending June 7: AFRICAN BANK: Notes; Credit Suisse, Goldman Sachs, Standard Chartered, Rand Merchant Bank.

June 6-10: ELERING AS: Notes; Deutsche Bank, Nordea Markets.

June 6-10: BANCO SANTANDER CHILE: Possible notes; Bank of America Merrill Lynch, JPMorgan, Santander.

June 8-14: OAO PROBUSINESSBANK: Dollar notes; BCP Securities, UBS.

Starting June 10: CZECH RAILWAYS: €300 million notes; Barclays Capital, Erste, Societe Generale.

June 13 week: DUBAI: Dollar benchmark notes; UBS, RBS, Emirates NBD.

Starting June 14: ESSAR SERVICES MAURITIUS/AEGIS LTD.: $300 million senior notes due 2016; Deutsche Bank Securities Inc., UBS Investment Bank, Standard Chartered Bank.

June 16-17: BANCO NACIONAL DE DESENVOLVIMENTO ECONOMICO E SOCIAL (BNDES): Possible notes; BNP Paribas, Credit Suisse.

Upcoming: NTPC LTD.: Dollar benchmark notes due 2021; Barclays Capital, Citigroup, Deutsche Bank, RBS.


© 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.