Emerging markets calendar: Czech Republic plans benchmark euro offer

FEBRUARY

CZECH REPUBLIC: €1 billion eurobond (A1/A/A+); Barclays Capital, Ceska Sporitelna, Deutsche Bank (joint books)

ON THE HORIZON

BANCO DE ORO: $150 million bond, possible upsize to $200 million; proceeds to refinance debt; Manila, Philippines-based commercial and retail bank.

EGYPT: Egyptian pound-denominated eurobonds (Ba1/BB+/BB+); HSBC, Merrill Lynch (joint books); pricing originally expected in 2008.

JSC RUSSIAN RAILWAYS: Up to $600 million eurobonds (/BBB+/); Barclays, ING, Morgan Stanley (joint books); Moscow-based government-run rail carrier; pricing originally expected in 2008.

YPF SA: $150 million senior unsecured notes due 2018 (BB+); BNP Paribas; to partially finance capital expenditures program; Buenos Aires, Argentina, energy company controlled by Spain's Reposol YPF; notes sale to be conducted in local market, with timing to be determined.

LOCAL CURRENCY

ALLIED BANKING CORP.: 5 billion pesos long-term certificates of deposit; one or more tranches; Manila, Philippines-based retail and commercial bank.

AMBANK BHD.: S$425 million 10-year stapled notes (BB/BB); BNP Paribas, AmBank (joint books); proceeds to fund the bank's growth; Kuala Lumpur, Malaysia-based retail and commercial bank.

BANK OF COMMUNICATIONS CO. LTD.: Up to 5 billion yuan bonds, maturity of one to three years; proceeds for granting loans, general working capital and general corporate purposes; Shanghai-based retail and commercial bank.

CANARA BANK: Tier II bond offer; Bangalore, India-based commercial and consumer bank.

CHINA COMMUNICATIONS CONSTRUCTION CO. LTD.: Up to 15 billion yuan bond issue; five- to 15-year maturity; interest rate not to exceed central bank benchmark lending rate; proceeds to refinance debt; Beijing-based infrastructure and ports operator.

CHINABANK: Up to PHP 8 billion in long-term negotiable certificates of time deposit; two or more tranches of at most PHP 5 billion and PHP 3 billion; Manila-based commercial and retail bank.

CORPORATION BANK: Rs. 1.5 billion series I tier I bonds; Pandeshwar, India-based government-controlled investment and retail bank.

DALIAN PORT CO. LTD.: 2.5 billion yuan minimum five-year notes or corporate bonds; proceeds to meet future business development needs, lower finance costs; Dalian City, China-based company owns and manages the Port of Dalian.

GLOBE TELECOM INC.: PHP 5 billion bond from PHP 10 billion program; Mandaluyong City, Philippines-based telecom; pricing expected in early 2009.

SINOPEC: 20 billion yuan five- to 10-year domestic bonds; coupon will not exceed 90% of the central bank's loan rate; half of proceeds to improve Sinopec's debt structure, half for working capital; Beijing-based energy and natural resource developer.

ROADSHOWS

Began Feb. 2: INDONESIA: Global medium-term note program (Ba3/BB-/BB); Barclays, UBS (joint books)

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.