Emerging markets calendar

LATIN AMERICA

On The Horizon

PETROLES DEL PERU PETROPERU SA:

• Commenced a roadshow on Friday for up to a proposed $2 billion in unsecured notes

• The notes (BBB-/BBB+) will mature in 15 or 30 years, S&P Global Ratings said

• Proceeds of the notes will be used to finance the additions to its Talara refinery

• State-owned petroleum company based in Lima

CABLEVISION SA:

• Plans $50 million of class B fixed notes

• To be issued under the company’s $1 billion global notes program

• Argentine cable television company subsidiary

COMPANHIA DE SANEAMENTO BASICO DO ESTADO DE SAO PAULO - SABESP:

• Approved the sale of R$500 million of debentures

• Debentures will be offered in up to two series

• Proceeds to replenish the company’s cash position and to refinance its financial commitments maturing in

2017

• Brazilian state-owned utility that provides water and sewage services

2017

LA RIOJA:

• $200 million notes

• UBS, Puente Hnos SA

• Province in Argentina.

GRUPO LOS GROBO:

• Dollar notes

• Buenos Aires-based agribusiness.

COSTA RICA:

• $1 billion of 30-year notes

• Deutsche Bank, HSBC.

COLOMBIA:

• Euro notes

• BBVA, Goldman Sachs, JPMorgan

• Securities and Exchange Commission registered

• Includes a make-whole call

• Proceeds for general budgetary purposes.

ASIA

On The Horizon

CHINA EVERBRIGHT BANK CO. LTD.:

• Offering $2 billion medium-term notes two tranches of euro- and dollar-denominated notes

• China Everbright Bank, Hong Kong Branch, CEB International and Citigroup are the arrangers and dealers

• Program to be listed on the Stock Exchange of Hong Kong Ltd.

• Regulation S

EXPORT-IMPORT BANK OF CHINA:

• Offering two tranches of euro- and dollar-denominated notes

• €500 million of five-year senior notes with price guidance in the mid-swaps plus 75 basis points area

• $300 million of three-year senior floating rate notes with price guidance in the Libor plus 75 bps area

• Proceeds will go toward general corporate purposes

• Bank of China, Bocom HK Branch, Barclays, Credit Agricole CIB, MUFG, ANZ and KGI Asia are joint lead managers

• Lender based in Beijing

ABOITIZ POWER CORP.:

• Planning to issue up to PHP 2 billion of 10-year bonds with an up to PHP 1 billion oversubscription option

• First tranche under Aboitiz Power’s previously registered PHP 30 billion fixed-rate retail bond program

• Power generation company is based in Taguig City, Philippines

HON HAI PRECISION INDUSTRY CO., LTD.:

• Plans to issue up to NT$27 billion of unsecured corporate bonds at par in one or more tranches

• Proceeds will be used to repay debt and for working capital

• Tu-cheng, Taiwan, manufacturer of computer connectors, cable assemblies and enclosures

PEGATRON CORP.:

• Approved the issuance of up to NT$15 billion of corporate bonds, up to $300 million of zero-coupon euro convertible bonds

• Convertible bonds will have a 0% coupon, a five-year maturity and will be priced at par

• Proceeds will be used to repay loans and for working capital

• Taipei, Taiwan-based developer of computing, communications and consumer electronics

XIAMNE AIRLINES CO. LTD.:

• Has been approved to issue up to RMB 5 billion of corporate bonds

• First tranche must be completed within 12 months and all tranches within 24 month

• Holding subsidiary of China Southern Airlines Co. Ltd., an airline based in Guangzhou, China

UNITED PHOTOVOLTAICS GROUP LTD.:

• Plans to issue up to RMB 1 billion of corporate bonds through subsidiary United Photovoltaics (Changzhou) Investments Co., Ltd.

• Proceeds will be used to refinance debt and for working capital purposes

• The bonds will be issued in one or multiple tranches within 12 months of the date of no-objection letter, filed April 28

• Hong Kong-based investment holding company

INDIAN BANK:

• Plans to price up to Rs. 50 billion of long-term bonds

• Proceeds would be used to finance infrastructure and affordable housing

• State-owned financial services company based in Chennai, India

FAR EASTONE TELECOMMUNICATIONS CO., LTD.:

• Plans to issue up to NT$5 billion of corporate bonds with maturities of up to seven years

• Fixed-rate bonds will be sold at par in one or more public offerings

• Proceeds will be used to repay debt

• Taipei, Taiwan-based telephone company

CAPITAL FIRST LTD.:

• Plans to sell Rs. 2.9 billion of secured redeemable debentures

• Capital will issue 2,900 debentures with a face value of Rs. 1 million each by way of private placement

• Debentures will be rated and listed

• Mumbai-based consumer and wholesale business financial services provider

ARVIND LTD.:

• Proposing to issue up to Rs. 5 billion of nonconvertible debentures in a private placement

• Company’s board of directors will consider the issue at a meeting set for May 11

• Ahmedabad, India-based vertically integrated textile company

IIFL HOLDINGS LTD.:

• Board of directors will meet on May 4 to approve fundraising through non-convertible debentures on a private placement

• Mumbai-based financial services company

HUANENG POWER INTERNATIONAL, INC.:

• Proposing to issue up to RMB 29.3 billion of domestic or overseas debt financing instruments

• Proposed issuances are subject to shareholders’ approval at an upcoming meeting

• Beijing-based developer, constructor and operator of large power plants

IDFC BANK LTD.:

• Approved raising up to Rs. 100 billion of redeemable nonconvertible debentures and other debt instruments

• Will be issued in one or more tranches in the domestic/overseas markets, over a period of one year, within the overall borrowing limit of Rs. 1.5 trillion

• Bank based in Chennai, India

ADLABS ENTERTAINMENT LTD.:

• May issue debentures in private placement

• May raise funds through the issue of convertible warrants and equity shares on a preferential basis

• Mumbai-based company that develops and operates theme-based entertainment destinations

INDIABULLS HOUSING FINANCE LTD.:

• May issue up to Rs. 250 billion secured nonconvertible debentures

• May issue Rs. 20 billion unsecured redeemable nonconvertible subordinated debt

• Will be issued in one or more tranches from time to time via private placement

• Mumbai-based real estate company

CHINA DEVELOPMENT BANK FINANCIAL LEASING CO. LTD.:

• Proposing to issue up to RMB 44 billion of overseas/domestic debt financing with maturities of up to 10 years

• Proceeds will be used for business and operation needs and to replenish operating capital

• Issuer is based in Shenzhen, China

HARBIN BANK CO., LTD.:

• Received shareholder/regulatory approval to issue RMB 8 billion offshore preference shares

• Covers up to 80 million offshore preference shares issued in renminbi or other currencies

• Bank is based in Harbin, China

GREAT EASTERN SHIPPING CO. LTD.:

• Will consider an issue of up to Rs. 10 billion nonconvertible debentures

• Will be issued by way of private placement

• Mumbai-based shipping company transports liquid, gas and solid bulk products

HDFC BANK LTD.:

• Approved issuance of Rs. 500 billion of debt over next 12 months

• Issued as perpetual debt instruments, tier 2 capital bonds and senior long-term bonds through private placement

• Mumbai-based banking and financial services company

INDIAN HOTELS CO. LTD.:

• Allotted Rs. 2 billion of secured redeemable debentures

• 2,000 debentures will be issued by way of private placement

• Will be rated and listed

• Mumbai-based hotel business

NTPC LTD.:

• Board approved a proposal to issue up to Rs. 50 billion and/or up to $750 million-equivalent of notes

• Medium-term or stand-alone

• One or multiple tranches

• Proceeds to finance the capital expenditure of new and ongoing projects, coal mining projects, renovation and modernization of power stations and/or for other purposes

• New Delhi-based power company

SHRIRAM TRANSPORT FINANCE CO. LTD.:

• Board of directors to meet April 27 to consider raising funds

• Borrowing could occur by way of issue of redeemable nonconvertible debentures/subordinated debentures

• Provides financing for commercial vehicles and is based in Mumbai

MAHINDRA & MAHINDRA FINANCIAL SERVICES LTD.:

• Possible Rs. 290 billion of redeemable debentures in a private placement

• May consist of secured or unsecured debentures as well as subordinated debentures

• Subsidiary of Mahindra & Mahindra Ltd., a Mumbai-based manufacturer of tractors and light commercial vehicles

CHINA MERCHANTS BANK CO. LTD.:

• Planning to issue RMB 27.5 billion domestic preference shares, RMB 7.5 billion offshore preference shares

• Subject to regulatory and shareholder approval

• Issuer is based in Shenzhen, China

LEGEND HOLDING CORP.:

• RMB 28 billion of debt financing instruments

• No more than 15-year maturity, unless perpetual bonds

• Proceeds toward working and operating capital; project investments; and repaying interest-bearing debt

• Beijing-based investment holding company

PVP VENTURES LTD.:

• Rs. 5 billion of secured redeemable debentures

• Approved at board of directors meeting on April 17

• Hyderabad, India-based real estate and property development company

RED STAR MACALLINE GROUP CORP. LTD.:

• Dollar-denominated notes

• Morgan Stanley, Citigroup, CICC HK Securities, Guotai Junan International and China Merchants Securities (HK) are bookrunners

• Regulation S

• Shanghai-based operator and manager of home furnishings shopping malls

ENERGY EARTH PCL:

• 15 billion baht debentures with 10-year maturities

• May be offered in one or more tranches on revolving basis

• Bangkok-based energy company

EUROPE/CIS

On The Horizon

TINKOFF BANK:

• Offering dollar-denominated senior unsecured notes

• Proceeds of the new notes (Ba2) will be used to finance the purchase of notes in a tender offer

• Barclays, JPMorgan, ING and HSBC are joint bookrunners

• Investor meetings will begin on June 2 in Moscow and Europe

• Bank is based in Moscow

VIMPELCOM HOLDINGS BV:

• Expected to offer additional dollar-denominated tier-1 perpetual bonds

• Regulation S notes (//B-) are non-callable for 5Ό years

• JPMorgan and UBS Investment Bank are global coordinators for the deal; BCP Securities, BCS Global Markets, Pareto Securities, Region BC LLC and Renaissance Capital are joint lead managers

• Subsidiary of VEON Ltd., is a telecommunications and digital services provider based in Amsterdam

LITHUANIA:

• Plans to offer euro-denominated notes due 2027 and 2037

• BNP Paribas and JPMorgan are stabilizing managers

KAZAKHSTAN TEMIR ZHOLY:

• Considering an issuance of five-year ruble-denominated bonds

• Railway operator is based in Astana, Kazakhstan

• Subsidiary KTZ Finance LLC will be the issuer, and Kazakhstan Temir Zholy will act as guarantor

• Railway operator is based in Astana, Kazakhstan

AFRICA/MIDDLE EAST

On The Horizon

YAPI KREDI:

• Offering a lira-denominated three-year notes with price talk in the 13Ό% area

• HSBC is a bookrunner for the deal

• Istanbul-based lender

TURKEY:

• Held an investor call on Tuesday for an expected offering of a SEC-registered euro-denominated eight-year deal

• BNP Paribas, HSBC and UniCredit will act as joint bookrunners

AFRICAN EXPORT-IMPORT BANK (AFREXIMBANK):

• Expected to offer a dollar-benchmark Regulation S bond with up to a seven-year maturity

• Expected to come following fixed-income investor meetings ending June 12

• Barclays, Commerzbank, HSBC, MUFG and Standard Chartered Bank will act as joint lead managers and bookrunners

• Cairo-based international bank

IVORY COAST:

• Intends to offer dollar- and euro-denominated bonds as part of a tender offer

• Offering includes a 16-year Rule 144A and Regulation S dollar benchmark bond; euro benchmark bond with a six- to eight-year maturity

• BNP Paribas, Deutsche Bank, JPMorgan, Natixis and Standard Chartered are bookrunners

BANKMUSCAT:

• Will begin the first issuance under its new sukuk program on Sunday

• OMR 25 million of five-year bonds with a greenshoe for an additional OMR 25 million

• Offering will end on June 1, and will be sold under its Meethaq sukuk program

• Based in Muscat, Oman

SIBANYE:

• Will raise about $1 billion of debt, most likely through the bond market

• Expected to close in the first half of 2017

• Will fund its proposed acquisition of Stillwater Mining Co.

• Mining company based in Westonaria, South Africa

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