Emerging Markets Calendar

AFRICA AND THE MIDDLE EAST

REPUBLIC OF SENEGAL:

• Benchmark-sized offering of euro-denominated amortizing notes of at least 15 years weighted average life

• Citigroup, Societe Generale and Standard Chartered Bank

• Rule 144A and Regulation S

• Investor meetings starting May 27

ZORLU YENILENEBILIR ENERJI AS:

• $350 million bond

• Proceeds to refinance debt, fund capital expenditures, repay shareholder debt and for general corporate purposes

EMERGING EUROPE AND CENTRAL ASIA

JSC GEORGIAN RAILWAY:

• Green notes

• To fund a tender offer for its $500 million of 7¾% notes due 2022

• June 10

• Sole operator of railways in Georgia

RZD CAPITAL PLC:

• Junior subordinated Swiss franc-denominated loan participation notes

• Proceeds loaned to Russian Railways JSC

SYNTHOS SA:

• €500 million of senior secured notes

• Proceeds with a drawdown from revolver to fund the acquisition of Trinseo SA

LATIN AMERICA AND THE CARIBBEAN

BANCO INVEX, SA FIDEICOMISO:

• $115 million of senior unsecured certificados bursatiles fiduciaries

• Proceeds will be used to amortize debt and other general corporate purposes

BUENOS AIRES:

• Dollar amortizing step-up bonds due 2032 up to a maximum amount of $2.34 billion, euro-denominated amortizing step-up bonds due 2032 up to a maximum of €540 million, dollar amortizing step-up bonds due 2040, euro-denominated amortizing step-up bonds due 2040, dollar-denominated interest-only securities and euro-denominated interest-only securities

• BofA Securities, Inc. and Citigroup Global Markets Inc.

• Offered in exchange for outstanding 2006 and 2015 indenture bonds

GRUPO AXO, SAPI DE CV:

• Up to $325 million senior unsecured global bond

• Proceeds to refinance local notes and bank debt

NIQUAN ENERGY TRINIDAD LTD.:

• $175 million of senior secured fixed-rate notes due 2031

• Revenues generated from an offtake agreement between NiQuan and Petroleum Co. of Trinidad and Tobago will back the notes

PETRORIO LUXEMBURG SARL:

• $500 million guaranteed senior secured notes due 2026

• Proceeds will be used to refinance debt and for general corporate purposes

ASIA

ALUMINUM CORP. OF CHINA (CHINALCO):

• Issued by Chinalco Capital Holdings Ltd.

• Senior unsecured notes

ASIAN DEVELOPMENT BANK:

• £250 million tap of ¾% notes due December 2027

• Barclays, Deutsche Bank AG and RBC

• Development bank is based in Manila

ASIAN INFRASTRUCTURE INVESTMENT BANK:

• $500 million of sustainable-linked floating-rate notes

• SOFR plus 24 basis points area

• April 15, 2026

• BMO, BNP Paribas and Citigroup Global Markets Ltd.

• Rule 144A and Regulation S

• Multilateral development bank is based in Beijing

CHEUNG KONG INFRASTRUCTURE FINANCE (BVI) LTD.:

• Guaranteed by CK Infrastructure Holdings Ltd. (CKI)

• Proposed perpetual capital securities

CHINA CONSTRUCTION BANK CORP.:

• Sold under the bank's $15 billion medium-term note program

• Luxembourg branch plans to sell euro-denominated three-year zero-coupon green bonds

EASY BUY PCL:

• Senior unsecured bonds

• Tenor of up to three years

EMPIRE RESORTS, INC.:

• $475 million of five-year senior secured notes

• Guidance of yield of 8% to 8¼%

• BNP Paribas, Citigroup and DBS Bank

• Rule 144A and Regulation S

GUOREN PROPERTY AND CASUALTY INSURANCE CO., LTD.:

• Dollar- and yuan-denominated unsecured senior notes

• Proceeds will be used for general corporate purposes

HANHUI INTERNATIONAL LTD.:

• Shandong Guohui Investment Co., Ltd.

• Senior unsecured notes

HUAYUAN PROPERTY CO., LTD.:

• Dollar-denominated notes (B2)

• Proceeds to refinance debt

• Beijing real estate business

HYUNDAI CAPITAL CANADA INC.:

• Proposed offering of senior unsecured notes due 2026

• Proceeds are expected to be used for general corporate purposes

PT INDOFOOD SUKSES MAKMUR TBK.:

• Dollar-denominated bonds

• Proceeds to refinance its acquisition debt

INDONESIA:

• Benchmark-sized yen-denominated senior unsecured notes

• Proceeds of the bonds are intended to finance the budget deficit and for general purposes, including to partially fund its coronavirus-related relief and recovery efforts

JIANGSU SHAGANG GROUP CO., LTD.:

• Dollar-denominated notes

• Issued by subsidiary Wealthy Vision Holding Ltd.

JIUJIANG MUNICIPAL DEVELOPMENT GROUP CO., LTD.:

• Planned senior unsecured U.S. dollar bonds

MEILUN (BVI) LTD.:

• Subsidiary of Shandong Chenming Paper Holdings Ltd.

• Up to $1 billion in bonds with a term up to five years

• Proceeds to replace domestic and overseas debts, to purchase raw materials, to replenish working capital and for project construction

• Weifang, China paper mill company

NEW WORLD DEVELOPMENT CO. LTD.:

• NWD Finance (BVI) Ltd.

• Dollar-denominated perpetual securities

• Proceeds are expected to be used to fund a tender offer for NWD’s $1.2 billion of 5¾% senior perpetual capital securities

QINGDAO JIAOZHOU BAY DEVELOPMENT GROUP CO., LTD.:

• Dollar-denominated senior unsecured bond

SHANDONG FINANCE INVESTMENT GROUP CO., LTD.:

• Wholly owned subsidiary, SFG International Holdings Co. Ltd., will issue the notes

• Dollar-denominated senior notes

• Guaranteed by parent

TUNAS BARU LAMPUNG TBK.:

• Dollar-denominated senior unsecured notes

• Proceeds to repay debt

YANGO GROUP CO., LTD.:

• Issued by Yango Justice International Ltd.

• Dollar-denominated green bonds

ZHEJIANG EXPRESSWAY CO. LTD.:

• Up to $600 million of senior notes with one- to 10-year terms

• Regulation S

• Proceeds to debt refinancing, new projects and strategic development

• Hangzhou, China, infrastructure company

ZHONGYU GAS HOLDINGS LTD.:

• Dollar-denominated senior notes

• HSBC, Credit Suisse and UBS

• Regulation S

• Proceeds of the offering will be used to refinance certain of its existing offshore debt

• Gas distribution and construction company is based in Hong Kong

ZHONGYUAN ZHICHENG CO., LTD.:

• Guaranteed by parent Zhongyuan Yuzi Investment Holding Group Co., Ltd.

• Dollar-denominated notes (A2//A)

• Proceeds to refinance offshore debt and invest in low-income housing, infrastructure and manufacturing projects in Henan

• Zhengzhou, China-based investor in urban and rural construction, industrial zones, land consolidation, sewage treatment, and other businesses

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