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Published on 10/29/2014 in the Prospect News Emerging Markets Daily.

Emerging markets calendar

ASIA

Oct. 27 Week

LOYZ ENERGY LTD.: Singapore dollar notes due in 2 ½ years; HSBC, Oversea-Chinese Banking; Regulation S; proceeds for investments, capital expenditures and corporate funding; talked at 9%; Singapore oil and gas exploration and production company.

VIETNAM: Dollar notes; Deutsche Bank, HSBC, Standard Chartered Bank; Rule 144A/Regulation S; roadshow started Oct. 29.

NEW WORLD CHINA LAND LTD.: Dollar notes; BOC International, HSBC, BofA Merrill Lynch, Citigroup; Regulation S; roadshow started Oct. 29; mainland China flagship property company of Hong Kong-based developer New World Development Co. Ltd.

HONG KONG AVIATION LTD.: Renminbi benchmark notes due in two years; Guotai Junan, DBS, Wing Lung Bank (joint global coordinators); CLSA, Daiwa Capital Markets (other joint bookrunners); Regulation S.

INDIABULLS FINANCIAL SERVICES LTD.: Possible notes; roadshow started Oct. 16; retail financial services company based in New Delhi.

TATA MOTORS LTD.: Benchmark, dollar notes due in 5 ½ years; ANZ, Citigroup, Credit Suisse, Standard Chartered Bank; Regulation S; proceeds to refinance existing external commercial borrowing, for new capital expenditures and other corporate purposes; auto maker based in Mumbai.

Nov. 3 Week

BANK OF CHINA: Notes (expected ratings: Baa3//BBB+); Bank of China, BofA Merrill Lynch, HSBC, Wells Fargo Securities (joint global coordinators, joint lead managers, joint bookrunners); Credit Agricole CIB, Deutsche Bank, JPMorgan, Mizuho Securities, Morgan Stanley (joint lead managers, joint bookrunners); Rule 144A/Regulation S; roadshow starts Oct. 31; Beijing-based bank.

HAINAN AIRLINES CO. LTD.: Singapore dollar notes; DBS Bank; roadshow started Oct. 29; based in Haikou, China.

2014

SK E&S CO. LTD.: Dollar perpetual notes; Barclays, Citigroup, Goldman Sachs, JPMorgan, UBS; natural gas and electricity company based in Seoul.

MANILA ELECTRIC CO. (MERALCO): $250 million-$300 million notes; Pasig City, Philippines-based electrical power distributor.

SEMICONDUCTOR MANUFACTURING INTERNATIONAL CORP.: Dollar-denominated senior notes; Deutsche Bank Securities Inc, J.P. Morgan Securities LLC; made-to-order chip supplier based in Shanghai.

TIANNENG POWER INTERNATIONAL LTD.: RMB 400 million of six-year corporate bonds; New Times Securities Co. Ltd.; proceeds will be used for investments in business projects, including newly developed batteries production capacity expansion and recycled lead production capacity expansion; Hong Kong-based company makes battery products for electric vehicles.

On The Horizon

BANGLADESH: $1 billion notes by 2015; proceeds for infrastructure projects.

EMERGING EUROPE & CENTRAL ASIA

Oct. 27 Week

KAZMUNAIGAZ NATIONAL CO.: Dollar notes; Citigroup, Credit Suisse, Deutsche Bank, UBS; roadshow started Oct. 23; gas company based in Astana, Kazakhstan.

JASTRZEBSKA SPOLKA WEGLOWA SA (JSW): Dollar notes; Credit Suisse, JPMorgan; Rule 144A/Regulation S; roadshow Oct. 22-28; coking coal company based in Jastrzebie-Zdroj, Poland.

YASAR HOLDING AS: Possible notes; Barclays, Citigroup; Rule 144A/Regulation S; roadshow Oct. 23-29; conglomerate based in Izmir that focuses on the food and beverage, paint, agriculture and tissue paper industries.

GLOBAL LIMAN ISLETMELERI AS: Up to $275 million in notes; cruise and commercial ports company based in Karakoy, Turkey.

Fall 2014

KATOWICKI HOLDING WEGLOWY SA: Euro notes; coal mining company based in Katowice, Poland.

BANK GOSPODARSTWA KRAJOWEGO: €500 million notes due in 10 years; BNP Paribas, HSBC, Societe Generale; lender based in Warsaw.

SERBIA: Up to $750 million in dollar or euro notes.

2015

CROATIA: Bonds.

LATIN AMERICA

Oct. 27 Week

PERU: Possible notes; BBVA, BofA Merrill Lynch, Morgan Stanley; roadshow Oct 27-29.

Nov. 3 Week

BANCO SANTANDER CHILE: Possible notes; BofA Merrill Lynch, Deutsche Bank, Santander; roadshow Nov. 4-7; lender based in Santiago, Chile.

2014

BANCO BICE: Swiss franc notes; Santiago, Chile-based lender.

CONCESIONARIA MEXIQUENSE SA DE CV (CONMEX): International bonds; Mexico-based leader of financing, design and building of sections of the Mexico City Ring Road Circuito Exterior Mexiquense.

BANCO PENTA: Bonds; lender based in Santiago, Chile.

MIDDLE EAST & AFRICA

Oct. 27 Week

MTN GROUP: Dollar notes; Deutsche Bank (global coordinator); BofA Merrill Lynch, Rand Merchant Bank (joint lead managers); roadshow started Oct. 27; Johannesburg, South Africa-based telecommunications company.

FIRSTRAND BANK LTD.: Dollar notes; Citigroup, Mitsubishi UFG, RMB; Regulation S; wholly owned subsidiary of FirstRand Ltd., a financial services company based in Johannesburg.

Nov. 3 Week

ISRAEL ELECTRIC CORP. LTD.: Dollar notes; Barclays, Citigroup; Rule 144A/Regulation S; roadshow starts Nov. 3; Haifa, Israel utility.

2014

DUBAI AVIATION CORP. (FLYDUBAI): Islamic bonds; Credit Agricole CIB, Dubai Islamic Bank, Emirates NBD, HSBC, National Bank of Abu Dhabi, Noor Bank and Standard Chartered Bank; Regulation S; low-cost airline based in Dubai.

NATIONAL COMMERCIAL BANK OF SAUDI ARABIA: Dollar Islamic bonds.

ELLOMAY CAPITAL: NIS 120 million 4.6% series A debentures due December 2023; proceeds to repay about €13.5 million of debt to Israel Discount Bank Ltd. and for its operations and other general corporate purposes; Tel Aviv company conducts business in energy and infrastructure sectors worldwide.

KENYA POWER: Global bonds; based in Nairobi, Kenya.

REPUBLIC OF TANZANIA: Up to $1 billion of notes; pricing expected in the second half of the year.

JORDAN: $1 billion U.S.-backed notes.

ETHIOPIA: 10-year notes by end of 2014.

2015

ZAMBIAN ELECTRICITY SUPPLY CO. (ZESCO): As much as $500 million of bonds; power company based in Lusaka, Zambia.

KENYA COMMERCIAL BANK: At least $250 million of bonds.

BANKMUSCAT: Islamic bonds; lender based in Muscat, Oman.

Roadshows

Oct. 22-28: JASTRZEBSKA SPOLKA WEGLOWA SA (JSW): Dollar notes; Credit Suisse, JPMorgan.

Started Oct. 23: KAZMUNAIGAZ NATIONAL CO.: Dollar notes; Citigroup, Credit Suisse, Deutsche Bank, UBS.

Oct. 23-29: YASAR HOLDING AS: Possible notes; Barclays, Citigroup.

Started Oct. 27: MTN GROUP: Dollar notes; Deutsche Bank (global coordinator); BofA Merrill Lynch, Rand Merchant Bank (joint lead managers).

Oct. 27-29: PERU: Possible notes; BBVA, BofA Merrill Lynch, Morgan Stanley.

Started Oct. 28: NEW WORLD CHINA LAND LTD.: Dollar notes; BOC International, HSBC, BofA Merrill Lynch, Citigroup.

Started Oct. 29: VIETNAM: Dollar notes; Deutsche Bank, HSBC, Standard Chartered Bank.

Started Oct. 29: HAINAN AIRLINES CO. LTD.: Singapore dollar notes; DBS Bank.

Starting Nov. 3: ISRAEL ELECTRIC CORP. LTD.: Dollar notes; Barclays, Citigroup.


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