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Published on 11/13/2012 in the Prospect News Emerging Markets Daily.

Emerging markets calendar: Roadshow ahead for Kuwait-based Gulf Investment Corp.

AFRICA & MIDDLE EAST

Nov. 12 Week

INTERNATIONAL PETROLEUM INVESTMENT CO.: Dollar notes; BNP Paribas, JPMorgan, National Bank of Abu Dhabi, Natixis, RBS, Unicredit; Abu Dhabi government-owned investment vehicle.

Nov. 19 Week

GULF INVESTMENT CORP.: Dollar benchmark notes; BNP Paribas, Citigroup, National Bank of Abu Dhabi, Standard Chartered Bank; roadshow Nov. 18-20; financial services company based in Kuwait.

November

MOROCCO: $700 million to $1 billion of notes.

GULF INTERNATIONAL BANK: Dollar notes; Gulf International Bank, JPMorgan, National Bank of Abu Dhabi, Barclays, Standard Chartered and Societe Generale.

2012

ISRAEL: $1 billion to $1.5 billion of notes.

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

ABU DHABI NATIONAL ENERGY CO. (TAQA): Dollar notes; BNP Paribas, Citigroup, HSBC, National Bank of Abu Dhabi, Standard Chartered.

On The Horizon

DUBAI ELECTRICITY AND WATER AUTHORITY: Sukuk notes.

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

REPUBLIC OF ANGOLA: Up to $2 billion of notes.

ASIA

Nov. 12 Week

KOREA SOUTHERN POWER CO. LTD.: Possible notes; Barclays, Citigroup; roadshow started Nov. 5; part of Korea Electric Power Corp., the largest electric utility in South Korea.

ALIBABA GROUP: At least $1 billion notes; Securities and Exchange Commission registered; e-commerce group based in Hangzhou, China.

BAIDU INC: Dollar senior notes; JPMorgan, Goldman Sachs; Securities and Exchange Commission registered; roadshow Nov. 7-12; proceeds to retire $350 million of credit facility debt and for general corporate purposes; make-whole call; ANZ, Bank of China and Deutsche Bank co-managers; Chinese-language internet search provider based in Beijing.

MELCO CROWN ENTERTAINMENT: $825 million notes due in 2020; Deutsche Bank, ANZ, Bank of America Merrill Lynch, Citigroup, Credit Agricole, UBS; Rule 144A/Regulation S; change-of-control put at 101; non-callable for three years; Hong Kong-based developer and owner of casino gaming and entertainment resort facilities focused on the Macau market.

Nov. 19 Week

GLOBAL A&T ELECTRONICS LTD.: Six-year issue of $625 million notes; roadshow Nov. 8-19; Bank of America Merrill Lynch, Credit Suisse, JPMorgan, UBS; Rule 144A/Regulation S; non-callable for three years; change-of-control put at 101% plus accrued and unpaid interest; proceeds to prepay debt; Singapore-based semiconductor test and assembly services company.

EMERGING EUROPE & CENTRAL ASIA

Nov. 12 Week

REPUBLIC OF LATVIA: Notes; Barclays, Deutsche Bank, JPMorgan.

REPUBLIC OF SERBIA: Possible notes; Deutsche Bank, HSBC, VTB Capital; Rule 144A/Regulation S; roadshow Nov. 7-12.

2013

CITY OF PRAGUE: €200 million 10-year notes; issuance expected in the first quarter of the year.

LATIN AMERICA & THE CARIBBEAN

Nov. 12 Week

URUGUAY: Dollar notes due November 2045; Citigroup, BNP Paribas; Securities and Exchange Commission registered; proceeds to repurchase bonds as part of a tender offer and for general governmental purposes, including the refinancing, repurchase or retiring of indebtedness.

November

COSTA RICA: Up to $4 billion of bonds over the next 10 years, with $500 million by November.

2013

CENTRAL AMERICAN BANK FOR ECONOMIC INTEGRATION (CABEI): Possible three- to five-year issue of up to RMB 500 million notes; microfinance lender based in Tegucigalpa, Honduras.

Roadshows

Started Nov. 5: KOREA SOUTHERN POWER CO. LTD.: Possible notes; Barclays, Citigroup.

Nov. 7-12: REPUBLIC OF SERBIA: Possible notes; Deutsche Bank, HSBC, VTB Capital.

Nov. 18-20: GULF INVESTMENT CORP.: Dollar benchmark notes; BNP Paribas, Citigroup, National Bank of Abu Dhabi, Standard Chartered Bank.


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