Emerging markets calendar

AUGUST 2 WEEK

STATS CHIPPAC LTD.: $600 million senior notes due 2015 (Ba1/BB+); Credit Suisse, Deutsche Bank Securities; Rule 144A/Regulation S; non-callable for three years; to fund cash distribution to shareholders and finance tender and consent solicitation for 6¾% senior notes due 2011; Singapore-based semiconductor company; roadshow during Aug. 2 week.

E-LAND FASHION CHINA HOLDINGS LTD.: $200 million senior unsecured notes due 2013 (Ba2/BB-); Morgan Stanley; to fund capital expenditures and expand network; Shanghai-based women's apparel company.

LA EMPRESA NACIONAL DEL PETROLEO (ENAP): $500 million in bonds; state-owned oil and gas company, based in Santiago, Chile.

CORPORACION FINANCIERA DE DESAROLLO (COFIDE): Planned issue of $250 million bonds; lender based in San Isidro, Peru.

ON THE HORIZON

TRANSCREDITBANK: Three-year notes; JPMorgan, BNP Paribas; Moscow-based commercial bank and subsidiary of JSC Russian Railways.

SABIC CAPITAL: Planned offering of five-year senior unsecured notes (expected ratings A1/A+/A+); JPMorgan, HSBC, RBS; Regulation S only; talked at mid-swaps plus 175 basis points; proceeds to refinance debt; delayed; petrochemical, fertilizer and metals conglomerate 70%-owned by the Kingdom of Saudi Arabia and based in Riyadh.

ZAMBIA: Planned issue of $1 billion bonds; proceeds for infrastructure improvements and power plant construction.

ISLAMIC DEVELOPMENT BANK: Two benchmark-sized sukuk offerings; proceeds to increase lending to member states coping with economic crisis; Jeddah, Saudi Arabia-based financial institution created to help economic development in 56 member countries.

ZHAIKMUNAI: Planned issue of notes (B3); Citibank, JPMorgan, ING; oil exploration, development and production company based in Kazakhstan.

QATAR ISLAMIC BANK: Planned sukuk offering of up to $750 million; HSBC, Credit Suisse; lender based in Doha, Qatar.

ODEBRECHT FINANCE LTD: Dollar-denominated offering of perpetual step-up notes (expected ratings Baa3/BB/BB+); Credit Suisse, Banco Itau; Rule 144A/Regulation S; non-callable for five years; proceeds to refinance outstanding 9 5/8% perpetual notes; Salvador, Brazil-based business conglomerate.

TOURISM DEVELOPMENT & INVESTMENT CO.: Planned issue of 10-year bonds; Standard Chartered, Citigroup, BNP Paribas; government-owned hotel developer based in Abu Dhabi.

REPUBLIC OF HUNGARY (Baa1/BBB-/BBB): Benchmark global notes due 2020; Citigroup, Deutsche Bank; SEC registered.

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

URUGUAY: Planned $1 billion issue of bonds, possible 20-year maturity.

ROADSHOWS

Aug. 2 week: STATS CHIPPAC LTD.: $600 million senior notes due 2015; Credit Suisse, Deutsche Bank Securities.

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