Emerging markets calendar

NOVEMBER 16 WEEK

CENTRAL EUROPEAN DISTRIBUTION CORP. (CEDC): Ä580 million equivalent in dollar- and euro-denominated senior notes due 2016; Goldman Sachs & Co. (left books), Citigroup, Deutsche Bank (joint), UBS Investment Bank (co); non-callable for four years; also concurrent offering of 9.5 million common shares; to purchase Lion Capital's remaining stake in Russian Alcohol Group and to repay debt including CEDC's outstanding secured notes due 2012; Poland-based beverage producer and distributor; U.S. roadshow began Nov. 9 week, Europe roadshow Nov. 16-19, pricing after that.

PT CHANDRA ASRI PETROCHEMICAL: $250 million five-year bonds; DBS Securities, Deutsche Bank; roadshow week of Oct. 26; Jakarta, Indonesia, ethylene and propylene producer.

EL SALVADOR (Ba1/BB/BB): Benchmark dollar-denominated 10-year notes; Citigroup, JP Morgan; Rule 144A/Regulation S; roadshow Nov. 17 in Boston, Nov. 18 in New York, Nov. 19 on US West Coast; pricing subject to market conditions.

GERDAU HOLDINGS, INC.: Benchmark dollar-denominated senior unsecured notes due January 2020 (expected /BBB-/BBB-); HSBC, Santander, Itau, Bank of America Merrill Lynch, Citigroup, JP Morgan; Rule 144A/Regulation S; launch subject to market conditions; roadshow Nov. 13 in Switzerland, Nov. 16 in Los Angeles and London, Nov. 17 in New York and Boston; price talk at 7.375% area; proceeds to pay indebtedness and extend debt maturity profile; Delaware-based steel holding company.

NOVEMBER 23 WEEK

POWER SECTOR ASSETS AND LIABILITIES MANAGEMENT CORP. (PSALM): Up $600 million of dollar-denominated guaranteed global bonds due 2024 (Ba3//) for cash; part of exchange offer for existing debt; Development Bank of the Philippines, Morgan Stanley & Co. International and UBS AG (joint books); spread, coupon and principal amount for the new bonds to be announced on Nov. 23; also up to $600 million of global bonds due 2024 to be issued in exchange; proceeds from the cash sale will be used for general corporate purposes, including servicing payments as part of contracts with independent power producers; Manila, Philippines-based government-run power company.

ON THE HORIZON

GULF INVESTMENT BANK: Expected dollar-denominated bonds or sukuk offering; Barclays Capital, GIB Financial, HSBC, UBS; timing and structure to be determined.

FIRST GULF BANK: Expected bond offering; BNP Paribas, Citibank, Deutsche Bank, HSBC; timing and structure to be determined.

DOMINICAN REPUBLIC: Expected benchmark dollar-denominated sovereign global bonds; Barclays Capital, Citigroup; timing and structure to be determined.

IRAN: €1 billion of global bonds; to help finance development of the South Pars field, its largest natural gas field; expected by December.

ISLAMIC DEVELOPMENT BANK: Bond deal; BNP Paribas, Deutsche Bank, HSBC; Jeddah, Saudi Arabia, financial institution.

ROMANIA: Benchmark-sized euro-denominated bonds; Deutsche Bank, EFG Eurobank, HSBC; expected 2009 business.

SLOVENIA: Euro-denominated benchmark-sized bond (Aa2/AA/AA); HSBC, RBS, Societe Generale, UniCredit Banka Slovenija (joint books).

LOCAL CURRENCY

PT SALIM IVOMAS PRATAMA: Rp 1 trillion of five-year fixed-rate bonds; PT Danareksa, PT CIMB Securities Indonesia, PT Kim Eng Securities, PT Mandiri Sekuritas and PT OSK Nusadana Securities Indonesia are bookrunners; South Jakarta, Indonesia-based agribusiness group.

JSC POLYMETAL: RUB 5 billion of three-year bonds; Saint Petersburg, Russia-based mining company.

REGIONAL CONTAINER LINES PCL: 5 billion baht five-year unsecured unsubordinated debentures; Bangkok-based shipping company.

ROADSHOWS

Nov. 13-17: GERDAU HOLDINGS, INC.: benchmark dollar-denominated notes; HSBC, Santander, Itau, Bank of America Merrill Lynch, Citigroup; JP Morgan.

Until Nov. 19: CENTRAL EUROPEAN DISTRIBUTION: Ä580 million offering of dollar- and euro-denominated seven-year senior notes; Goldman Sachs (lead), Citigroup and Deutsche Bank Securities (joint), UBS Investment Bank (co-manager).

Month of November: RUSSIA: $17.8 billion global bonds for 2010.

Nov. 17-19: EL SALVADOR: Benchmark dollar-denominated 10-year notes; Citigroup, JP Morgan

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