Emerging markets calendar

LATIN AMERICA

On The Horizon

EMPRESA PROVINCIAL DE ENERGIA DE CORDOBA:

• Up to $100 million of notes

• Proceeds to repay existing debt with wholesale market administrator and for working capital

• Bookrunners include BofA Merrill Lynch and Citigroup

• Rule 144A and Regulation S

• Buenos Aires-based energy company (electricity, oil and gas)

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

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

October 24

EXPORT-IMPORT BANK OF KOREA:

• Offering of $2.08 billion in three tranches

• Including $400 million three-year fixed-rate notes. $1.08 billion five-year fixed-rate notes and $600 million five-year floating-rate notes

• SEC-registered

• Joint bookrunners BofA Merrill Lynch, BNP Paribas, Citigroup, Credit Agricole CIB, MUFG

• Joint lead manager Mirae Asset Daewoo

• Co-manager Kexim Asia Ltd.

• Seoul-based lender

Week of Oct. 23

ASIAN DEVELOPMENT BANK:

• Offering of 10-year dollar notes

• Joint bookrunners JPMorgan, Citigroup, Daiwa and HSBC

• Regulation S

• Luxembourg-based listing expected

• Mandaluyong, Philippines-based regional development bank

AVATION PLC:

• Offering of up to $200 million five-year notes

• Joint bookrunners JPMorgan and R.W. Pressprich

• Rule 144A/Regulation S

• Proceeds to purchase planes

• Singapore-based aircraft lessor

METALLURGICAL CORP. OF CHINA LTD.:

• Offering of up to RMB 2 billion five-year notes

• Base deal RMB 500 million

• To price at par

• Indicative coupon of 4½%-5½%

• Underwriters China Merchants Securities Co., Ltd., BOC International (China) Ltd., Citic Securities Co., Ltd., Haitong Securities Co., Ltd. and GF Securities Co., Ltd.

• Proceeds to be used to repay bank borrowings

• Beijing-based metallurgical engineering company

On The Horizon

MAOYE INTERNATIONAL HOLDINGS LTD.:

• Dollar-denominated unsecured notes

• Bookrunners are Deutsche Bank AG, Singapore Branch, Guotai Junan Securities (Hong Kong) Ltd. and UBS AG Hong Kong Branch, China Merchants Securities (HK) Co., Ltd., Haitong Bank, SA, Industrial Bank Co., Ltd. Hong Kong Branch, Orient Securities (Hong Kong) Ltd. and VTB Capital plc

• Rule 144A/Regulation S

• Proceeds for general corporate purposes and to refinance debt

• Shenzhen, China-based department store

LVGEM (CHINA) REAL ESTATE INVESTMENT CO. LTD.:

• Add-on to its 8½% three-year guaranteed senior notes

• To be issued via subsidiary Gemstones International Ltd.

• Proceeds for general corporate purposes and to finance new property projects

• Bookrunners are Nomura, Guotai Junan International, BOSC International, UBS, SPDB International, BOCOM International, VTB Capital

• Original $225 million issue sold in August

• Regulation S

• Hong Kong-based property developer

BANK OF COMMUNCATIONS CO. LTD.:

• Up to RMB 20 billion of green bonds

• Proceeds to be used for loans to be granted to green industry projects

• Shanghai-based company

JIANGSU NANTONG SANJIAN INTERNATIONAL CO. LTD.:

• Dollar denominated unsecured notes

• Guaranteed by Jiangsu Nantong Sanjian Construction Group Co. Ltd.

• Proceeds for general corporate purposes and repayment of debt

• Haimen, China-based construction company

AGRICULTURAL BANK OF CHINA LTD.:

• Up to RMB 40 billion of tier 2 notes

• To be issued in the China interbank bond market

• Shareholders previously approved issuance of up to RMB 80 billion tier 2 capital instruments

• Beijing-based commercial lender in China, Hong Kong and Singapore

SINOPAC SECURITIES CORP.:

• Up to NT$5 billion of bonds

• One or more maturities of up to five years

• To be sold at par

• Proceeds to replenish working capital and strengthen financial structure

• Taipei, Taiwan-based financial services company

HUA NAN FINANCIAL HOLDINGS CO., LTD.:

• Up to NT$12 billion of bonds in 2017

• Maturities of five and 10 years

• Undewriter Hua Nan Securities

• Proceeds to repay a bond maturing in 2018 and enhance capital structure

• Taipei, Taiwan-based banking and securities company

TENAGA NASIONAL BHD.:

• RM 4 billion 20-year Sukuk

• To be issued through Southern Power Generation subsidiary

• Joint lead managers CIMB Investment Bank and Maybank Investment Bank Bhd,

• Proceeds earmarked for funding project costs

• Kuala Lumpur-based electric utility

SMC GLOBAL POWER CORP.:

• Up to PHP 35 billion of debt securities

• Initial tranche of PHP 25 billion

• Proceeds to refinance the company’s outstanding $400 million issue

• Mandaluyong City, Philippines-based power company subsidiary of San Miguel Corp.

CHINA CONSTRUCTION BANK CORP.:

• Up to RMB 60 billion of domestic preference shares

• Maturities in seven and 15 years

• Proceeds to redeem the company’s 2010 first and second issues of subordinated corporate bonds

• Beijing-based bank

CHINA NATIONAL BUILDING MATERIAL CO. LTD.:

• Up to RMB 20 billion of corporate bonds

• Beijing-based state-owned building materials enterprise

CHINA ALUMINUM INTERNATIONAL ENGINEERING CORP. LTD.:

• Up to RMB 20 billion of onshore and offshore debt financing

• Maturity of up to 10 years

• Proceeds to be used to meet business operation needs like debt structure and working capital

• Beijing-based engineering company

TAISHIN FINANCIAL HOLDING CO.:

• Up to NT$8 billion of bonds in one or two tranches

• Maturities in seven and 15 years

• Proceeds to redeem the company’s 2010 first and second issues of subordinated corporate bonds

• Taipei, Taiwan-based bank holding company

LIFESTYLE INTERNATIONAL HOLDINGS LTD.:

• Offering of dollar-denominated senior notes

• To be issued by subsidiary LS Finance (2017) Ltd. and guaranteed by Lifestyle International

• Joint bookrunners are JP Morgan, UBS AG Hong Kong and Bank of China (Hong Kong) Ltd.

• Proceeds for general corporate purposes, including future acquisitions and core business investments

• Hong Kong-based retail operator

VARDHMAN TEXTILES LTD.:

• Up to Rs. 5 billion of committee-approved secured debentures

• Ludhiana, India-based textile producer

BANK OF JINZHOU CO. LTD.:

• Up to RMB 10 billion offshores preference shares

• Proceeds to be treated as additional tier 1 capital

• Jinzhou, China-based lender

IGB REAL ESTATE INVESTMENT TRUST:

• Up to RM 5 billion, 20-year notes

• To be issued through wholly owned special purpose vehicle IGB REIT Capital Sdn. Bhd.

• Lead arranger and manager Hong Leong Investment Bank Bhd.

• Proceeds to finance investments, refinance existing or future borrowings and fund working capital requirements

• Kuala Lumpur-based real estate investment trust

HINDUSTAN COPPER LTD.:

• Possible issue of debentures in a private placement

• Issue to be discussed by company’s board on Aug. 22

• One or more tranches of secured or unsecured debentures may be issued

• Kolkata-based copper producer

CHINA RESOURCES LAND LTD:

• Up to RMB 5 billion in two tranches of medium-term notes

• Including RMB 3.5 billion three-year notes and RMB 1.5 billion five-year notes

• Citic Securities Co. Ltd. and Agricultural Bank of China Ltd. are joint lead underwriters

• Proceeds to be used for development of company projects and additional liquidity

• Hong Kong-based property developer

CHINA NATIONAL CHEMICAL CORP.:

• Dollar-denominated senior bonds (expected: /BBB/A-)

• Roadshow July 5 to July 11 in Asia and Europe

• Will be issued through CNAC (HK) Finbridge Co. Ltd.

• Proceeds to refinance the company’s existing debt and for general corporate purposes

• State-owned chemical company based in Beijing

METALLURGICAL CORP. OF CHINA LTD:

• RMB 3 billion of three-year corporate bonds, plus an over-allotment option for RMB 2 billion

• To be sold at par at a 4% to 5% coupon

• Industrial Securities Co. is lead underwriter

• Proceeds to replenish working capital

• Beijing-based brokerage

ABOITIZ POWER CORP.:

• Plans public offerings for up to PHP 30 billion of fixed-rate bonds in tranches

• Power generation company and subsidiary of Aboitiz Equity Ventures Inc. based in Taguig City, Philippines

DIGITAL CHINA HOLDINGS LTD.:

• Plans to issue up to RMB 1.3 billion of corporate bonds in multiple tranches

• The first tranche will be completed with 12 months, and the remaining tranches are seen being completed within 24 months.

• The Hong Kong-based foreign brand information technology products company is a spinoff from Legend Group

AXIS BANK LTD.:

• Plans to issue up to Rs. 35 billion of series 28 unsecured subordinated perpetual debentures

• Additional tier 1, Basel 3 compliant notes would be issued with a face value of Rs. 1 million each

• Mumbai-based bank

CHINA HUARONG ASSET MANAGEMENT CO., LTD.:

• Proposing to issue up to RMB 20 billion of offshore preference shares

• Preference shares will be sold at or above par

• Proposed issuance is subject to shareholders’ approval at an upcoming meeting

• State-owned asset manager is based in Beijing

ASTRO MALAYSIA HOLDINGS BHD.:

• Up to RM 3 billion medium-term notes

• To be issued through Measat Broadcast Network Systems Sdn. Bhd.

• CIMB Investment Bank Bhd. and RHB Investment Bank Bhd. are joint lead arrangers

• Proceeds to finance licensing costs, purchase equipment, for capital expenditures and refinance any maturing MTNs

• Kuala Lumpur, Malaysia-based satellite television and radio operator

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

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

EMERGING EUROPE & CENTRAL ASIA

On The Horizon

PETROPAVLOVSK PLC:

• Offering of up to $450 million five- or seven-year dollar notes

• Rule 144A/Regulation S

• Raiffeisen Bank International AG mandated to conduct investor meetings

• Roadshow commences Thursday with meetings in the U.S. and Europe

• Bookrunners Citigroup, JPMorgan, Sberbank CIB and VTB Capital

• Expected rating //B-

• Russian gold mining company

NITROGENMUVEK ZRT:

• Offering of unsecured, fixed-rate notes

• Regulation S

• Raiffeisen Bank International AG mandated to conduct investor meetings

• Proceeds to refinance debt and for general corporate purposes

• To be admitted to trading on the Euro MTF of the Luxembourg Stock Exchange

• Veszprem, Hungary-based producer of ammonia and fertilizers

MIDDLE EAST & AFRICA

Week of Oct. 23

ABU DHABI CRUDE OIL PIPELINE LLC:

• About $3 billion of dollar notes in two tranches

• $800 million 12-year bullet tranche

• $2.2 billion 30-year amortizing tranche

• Roadshow through Oct. 24

• Global coordinators and joint bookrunners First Abu Dhabi Hank AB, HSBC, JPMorgan and MUFG mandated to conduct investor meetings

• Abu Dhabi-based oil pipeline operator

ARAB PETROLEUM INVESTMENT CORP.:

• Dollar-denominated, five-year Sukuk

• Joint lead managers/bookrunners Bank ABC, Credit Agricole CIB, Emirates NBD Capital, First Abu Dhabi Bank, HSBC, KFH Bank and Standard Chartered mandated to conduct investor meetings

• Roadshow through Oct. 24

• Multilateral development bank

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