Emerging markets calendar

January 23 Week

ODEBRECHT FINANCE LTD.: $500 million add-on to the 6% notes due April 2023 (expected ratings Baa3/BB+/BBB-); Deutsche Bank, Credit Suisse, Goldman Sachs; Rule 144A and Regulation S; non-callable; for general corporate purposes; Brazilian construction company; price talk 6% area.

LITHUANIA: Dollar benchmark bonds; Barclays Capital, BNP Paribas; Rule 144A/Regulation S.

CAMPOSOL SA: Dollar notes; Credit Suisse, Santander; Rule 144A/Regulation S; roadshow Jan. 18-25; San Isidro, Peru-based grower and exporter of vegetables and fruits.

VOLCAN COMPANIA MINERA SA: Dollar notes (//BBB-); JPMorgan, Morgan Stanley; Rule 144A/Regulation S; roadshow Jan. 18-24; Lima, Peru-based mining company.

JBS USA LLC/JBS USA FINANCE INC.: $400 million eight-year senior notes (expected ratings: B1/BB); JPMorgan, BB Securities, Bradesco BBI, Rabobank, Santander, Wells Fargo; Rule 144A/Regulation S; non-callable for three years; roadshow started Jan. 18; proceeds to repay debt at JBS SA, a Sao Paulo-based processor of beef, pork and lamb.

January 30 Week

GRUPO AVAL ACCIONES Y VALORES SA: Possible notes; Goldman Sachs, JPMorgan; Rule 144A/Regulation S; roadshow Jan. 19-24; banking group based in Bogota, Colombia.

LOTTE SHOPPING: Possible renminbi notes; Deutsche Bank, HSBC; Seoul, South Korea-based retail company.

CHAILEASE FINANCE CO: Possible notes; ANZ, Bank of China, Standard Chartered Bank; roadshow Jan. 17-18; financial services company based in Taiwan.

UNITED ARAB SHIPPING CO. (UASC): Dollar notes; Deutsche Bank, Mitsubishi UFJ, UBS; roadshow Nov. 28-30; Regulation S; government-owned container shipping company based in Kuwait.

GRUPO VIRGOLINO de OLIVEIRA SA (expected ratings B3/B/B): Possible transaction via Rule 144A and Regulation S subject to market conditions; BTG Pactual, Credit Suisse, Itau BBA; Brazilian sugar and ethanol producer; investor meetings Jan. 24-Feb. 1.

REPUBLIC OF ROMANIA: Dollar notes; Citigroup, Deutsche Bank, HSBC; roadshow Nov. 11-14.

February

RURAL ELECTRIFICATION CORP.: Renminbi notes; roadshow planned for end of January; financer and promoter of rural electrification projects, based in New Delhi.

EXPORT-IMPORT BANK OF KOREA: Swiss franc notes; Credit Suisse, UBS; lender based in Seoul, South Korea.

2012

AXIS BANK: Benchmark-sized global bonds; Mumbai, India-based lender.

BUSAN BANK: Dollar bonds; Busan, South Korea-based lender.

CEAGRO AGRICOLA LTDA.: Bonds; importer and exporter of grains and other agricultural products, based in Campinas, Brazil.

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

ISRAEL: $1 billion to $1.5 billion of notes

NOMOS BANK: At least $300 million notes; Moscow-based lender.

RELIANCE INDUSTRIES: $1 billion 10-year notes; Citigroup, Bank of America Merrill Lynch, UBS; Mumbai, India-based petrochemical and retail conglomerate.

REPUBLIC OF LEBANON: $2 billion bonds in 2012; Deutsche Bank, Fransa Bank, Standard Chartered.

BANK OF CEYLON: $500 million notes; Sri Lanka-based lender.

On the Horizon

OAO RUSSIAN RAILWAYS CO.: Up to $1 billion of bonds; roadshow started Dec. 12; RBS, VTB Capital; railway operator based in Moscow.

RUSSIAN FEDERATION: Up to $7 billion in notes in 2012; Citigroup, Deutsche Bank, BNP Paribas, Sberbank, VTB Group.

REPUBLIC OF LATVIA: Global bonds; Deutsche Bank, HSBC, JPMorgan.

ASYA KATILIM BANKASI AS: $300 million five-year notes; lender based in Istanbul, Turkey.

UKRAINE: Up to $2.5 billion in bonds.

QATAR NATIONAL BANK: Up to $7.5 billion in notes; Barclays Capital, HSBC, QNB Capital; proceeds to fund corporate operations; lender based in Qatar.

QATAR INTERNATIONAL ISLAMIC BANK (QIIB): Dollar five-year sukuk notes; Qatar National Bank, HSBC, Standard Chartered; Qatar-based lender.

BANCO LATINOAMERICANO DE EXPORTACIONES SA (BLADEX): Up to $200 million in notes with tenor of between five and seven years; lender based in Panama.

BANCO PICHINCHA: $100 million bonds; lender based in Quito, Ecuador.

GAIL INDIA LTD.: $300 million notes; state-owned natural gas processing and distribution company based in New Delhi.

CATHAY PACIFIC AIRWAYS LTD.: Dollar notes; HSBC; airline based in Hong Kong.

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

CHINA CITIC BANK CORP. LTD.: Up to RMB 30 billion by end of 2013; HSBC, UBS; Hong Kong-based business conglomerate.

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.

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

Roadshows

Nov. 28-30: UNITED ARAB SHIPPING CO. (UASC): Dollar notes; Deutsche Bank, Mitsubishi UFJ, UBS.

Started Dec. 12: OAO RUSSIAN RAILWAYS CO.: Up to $1 billion of bonds; RBS, VTB Capital.

Jan. 17-18: CHAILEASE FINANCE CO: Possible notes; ANZ, Bank of China, Standard Chartered Bank.

Started Jan. 18: JBS USA LLC/JBS USA FINANCE INC.: $400 million eight-year senior notes (expected ratings: B1/BB); JPMorgan, BB Securities, Bradesco BBI, Rabobank, Santander, Wells Fargo.

Jan. 18-24: VOLCAN COMPANIA MINERA SA: Dollar notes; JPMorgan, Morgan Stanley.

Jan. 18-25: CAMPOSOL SA: Dollar notes; Credit Suisse, Santander.

Jan. 19-24: GRUPO AVAL: Possible notes; Goldman Sachs, JPMorgan.

End of January: RURAL ELECTRIFICATION CORP.: Renminbi notes.

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