Emerging markets calendar

JULY 11 WEEK

KOREA SOUTH-EAST POWER LTD.: $300 million maximum 5.5-year senior notes (A1/A); Citigroup, Goldman Sachs, Morgan Stanley; Regulation S; to purchase fuels and make capital investments; a unit of Korea Electric Power Corp. (Kepco); price talk Treasuries plus 215 bps.

OAO PROBUSINESSBANK: Dollar notes; BCP Securities, UBS; Regulation S; roadshow June 8-14; commercial lender based in Moscow.

DENIZBANK AS: Benchmark bonds (expected ratings: Ba1//BBB-); Bank of America Merrill Lynch, Citigroup, HSBC, JPMorgan; Rule 144A/Regulation S; roadshow June 15-20; lender based in Istanbul, Turkey.

STATE OIL CO. OF AZERBAIJAN (SOCAR): $500 million notes; state-owned oil and gas company based in Baku, Azerbaijan.

BANCO SAFRA SA: Real-denominated notes due Jan. 5, 2015; Banco Safra; Regulation S; payable in dollars; proceeds for general corporate purposes; lender based in Sao Paulo.

OAO SEVERSTAL: At least $500 million notes; Goldman Sachs, Barclays Capital; roadshow July 8-11; steel and mining company based in Cherepovets, Russia.

YPF SA: Dollar notes due 2019 (expected ratings: Ba2//BB-); BNP Paribas, Citigroup, Credit Suisse, ING, Itau, Santander, Standard Bank; Rule 144A/Regulation S; roadshow July 8-13; integrated oil and gas company based in Buenos Aires.

BRASKEM SA: Possible notes; Bank of America Merrill Lynch, HSBC, Morgan Stanley; roadshow July 11-13; privately owned petrochemical company based in Sao Paulo.

REPUBLIC OF SRI LANKA: $1 billion 10-year notes; Bank of America Merrill Lynch, Barclays Capital, HSBC, RBS; roadshow starting July 11.

VNESHECONOMBANK: Notes due in 10 years or more; BNP Paribas, JPMorgan, Morgan Stanley, RBS; roadshow started July 4; Moscow-based Bank for Development and Foreign Affairs.

TOURISM DEVELOPMENT & INVESTMENT CO.: $1 billion notes; RBS, HSBC, Standard Chartered; proceeds for construction and other projects; roadshow planned; developer based in Abu Dhabi.

KOREA HOUSING FINANCE CORP: Dollar notes (expected rating: Aa3); BNP Paribas, Nomura, Standard Chartered Bank; Rule 144A/Regulation S; roadshow upcoming; housing finance company based in Seoul, South Korea.

METALLOINVEST MANAGEMENT CO. LLC: Dollar notes; Bank of America Merrill Lynch, BNP Paribas, Credit Suisse, ING, JPMorgan, RBS, Societe Generale, Troika Dialog, VTB Capital; Rule 144A/Regulation S; roadshow July 8-13; mining and metallurgy company based in Moscow.

DEVELOPMENT BANK OF KAZAKHSTAN: $800 million notes; Astana, Kazakhstan-based lender.

CELULOSA ARGENTINA SA: Up to $150 million seven-year notes (expected ratings: B2//B); Citigroup, Credit Suisse; Rule 144A/Regulation S; non-callable for four years; roadshow July 7-13; paper and pulp company based in Martinez, Argentina.

INDIAN OIL CORP. LTD.: $500 million issue of notes, possibly with 10-year tenor (//BBB-); BNP Paribas, RBS, Citigroup; state-owned oil and gas company based in Mumbai.

PETROLEO BRASILIERO SA (PETROBRAS): Euro and sterling notes; itigroup, HSBC, RBS, Standard Chartered; energy company based in Rio de Janeiro.

INDIAN BANK: Benchmark dollar notes; Citigroup, HSBC, RBS, Standard Chartered; roadshow in July; lender based in Chennai, India.

CARIBBEAN DEVELOPMENT BANK: $200 million five-year floating-rate notes (Aaa/AAA/); BNP Paribas; Rule 144A/Regulation S; lender based in Barbados.

CHINA SHANSHUI CEMENT GROUP LTD.: Renminbi-denominated guaranteed notes (BB-); BOC International, Credit Suisse, Deutsche Bank and UBS (joint); Regulation S; to refinance debt and general corporate purposes; Hong Kong-based producer of clinker and cement; Asian roadshow to include stops in Hong Kong and Singapore.

CHINA HONGQIAO GROUP LTD.: Dollar-denominated or renminbi-denominated senior notes (/BB-/); JPMorgan, Barclays Capital, Deutsche Bank (joint); Rule 144A and Regulation S; to expand its electricity production facilities to about 2,400 MW of total installed capacity; aluminum product manufacturer based in Zouping County, China; global roadshow scheduled to begin July 12; pricing pending market conditions.

JULY 18 WEEK

QGOG ATLANTIC/ALASKAN RIGS LTD.: $700 million senior secured notes due July 2018, with a 3.8-year average life (Baa3//expected BBB-); Banco Santander, HSBC (global coordinators and joint bookrunners), Citigroup Global Markets (joint bookrunner); Rule 144A/Regulation S; to refinance debt; the company, which is organized under the laws of the British Virgin Islands, was acquired by Brazil's Queiroz Galvao Oleo e Gas Group in transactions which took place the mid-1990s; global roadshow July 11-19.

DOMINICAN REPUBLIC: $500 million bonds; Barclays Capital, JPMorgan; Rule 144A/Regulation S; roadshow July 14-20.

SEPTEMBER

ANGOLA: $500 million notes.

REPUBLIC OF KAZAKHSTAN: Dollar sukuk notes.

OCTOBER

POLSKIE GORNICTWO NAFTOWE I GAZOWNICTOW (PGNIG): €500 million bonds; BNP Paribas, Societe Generale, Unicredit; Poland-based natural gas company.

2011

REPUBLIC OF THE PHILIPPINES: $500 million bonds.

SERBIA: $1 billion bonds.

SAUDI ELECTRICITY CO.: $1 billion to $1.5 billion sukuk notes; Saudi Arabia-based power generator and distributor.

QATAR ISLAMIC BANK: $1 billion sukuk notes with tenor of more than five years; lender based in Doha, Qatar.

PT PERUSAHAAN LISTRIK NEGARA (PLN): Possible $1 billion 10-year notes; pricing expected in 2011; Indonesian state-owned electric company.

THAILAND: Inflation-linked baht-denominated notes; HSBC; roadshow expected in Asia and Europe.

CZECH REPUBLIC: Euro benchmark notes; Barclays Capital, Erste Group, Societe Generale, Unicredit.

GENNOMA LAB INTERNACIONAL SAB DE CV: Possible dollar notes; Mexico City-based pharmaceutical company.

AFRICAN EXPORT-IMPORT BANK (AFREXIMBANK): Dollar notes; HSBC, Commerzbank, Mitsubishi UFJ Securities, Standard Bank; roadshow upcoming; Regulation S; lender based in Cairo.

INTIME DEPARTMENT STORE GROUP CO. LTD.: Renminbi notes; Citicorp, Nomura, ICBC Asia; Regulation S; proceeds to fund future expansion, for general corporate purposes and for the repayment of existing debt; Beijing-based operator and manager of department stores.

2012

DOHA BANK: $500 million bonds; JPMorgan, Morgan Stanley; Qatar-based lender.

ON THE HORIZON

EGYPT: $1 billion notes due 2016.

INDUSTRIAL DEVELOPMENT BANK OF INDIA LTD. (IDBI BANK): $250 million seven-year notes; Swiss franc-denominated notes; BNP Paribas, Credit Suisse, UBS; lender based in Mumbai, India.

KB KOOKMIN BANK: Possible notes; BNP Paribas, JPMorgan, ING, RBS, UBS; roadshow started May 30; lender based in Seoul, South Korea.

OJSC OTP BANK; Possible notes; BNP Paribas, Deutsche Bank; lender based in Budapest.

RHB BANK BHD.: $300 million to $500 million senior notes; Bank of America Merrill Lynch, Goldman Sachs; Kuala Lumpur-based lender.

GLOBAL BIO-CHEM TECHNOLOGY GROUP CO. LTD.: Bonds; HSBC; Regulation S; proceeds for repayment of existing debt; Hong Kong-based manufacturer and seller of corn-related products.

COSTA RICA: Possible notes.

CITIC PACIFIC LTD.: Possible notes; HSBC, UBS; Hong Kong-based business conglomerate.

PROVINCE OF BUENOS AIRES: $500 million bonds.

GLOBAL DAIRY HOLDINGS LTD.: Renminbi notes; Bank of America Merrill Lynch, Macquarie Group; proceeds for general corporate purposes and to finance company's vertical integration plan; milk and milk products manufacturer and marketer based in Hong Kong.

ZAMBIA: Dollar notes.

VIETNAM BANK FOR INDUSTRY AND TRADE (VIETINBANK): $500 million to $1 billion notes; Barclays, Credit Suisse, Goldman Sachs, JPMorgan; issuance likely in 2011.

TURKIYE VAKIFLAR BANKAS TAO (VAKIFBANK): Between $500 million and $1 billion five-year notes; Ankara, Turkey-based lender.

EURASIAN BANK JSC: Up to $300 million of bonds, possible ruble bonds; Kazakhstan-based lender.

TECHNIKABANK OJSC: Dollar notes (//B-); Commerzbank AG, HSBC; change-of-control put if three main shareholders cease to own more than 50% of company; Azerbaijan-based lender.

SLOVAK REPUBLIC: Tap of bonds due Feb. 24, 2016; KBC Group, Erste Group, Intesa Sanpaolo Group.

REPUBLIC OF KENYA: Notes; issuance likely by June 2013.

OAO ASB BELARUSBANK: Dollar-denominated bond of up to $500 million.

AL BARAKA BANKING GROUP: Up to $500 million sukuk issue of five-year notes; Bahrain-based Islamic lender.

ARAMCO: $1 billion sukuk with France's Total; Credit Agricole, Deutsche Bank, Samba Financial; state-owned national oil company based in Dhahran, Saudi Arabia.

MOSCOW CREDIT BANK: Eurobond issue totaling about $300 million; Commerzbank, RZB, ING; roadshow started Oct. 14; Moscow-based lender.

BANCO DE CHILE: Dollar-denominated notes; Santiago, Chile-based lender.

UNITED GULF BANK: Bonds; Standard Chartered; Bahrain-based lender and subsidiary of Kuwait-based Kipco.

SRI LANKA TELECOM PLC: Up to $125 million of bonds; proceeds to fund expansion plans; telecommunications service provider based in Colombo, Sri Lanka.

KENYA ELECTRICITY GENERATING CO. LTD. (KENGEN): Planned $1 billion bond issue; proceeds to finance $4.5 billion expansion plans; power producer based in Nairobi, Kenya.

TRANSCREDITBANK: Up to $400 million three-year notes; JPMorgan, BNP Paribas; pricing expected before the end of 2010; Moscow-based commercial bank and subsidiary of JSC Russian Railways.

ZAMBIA: Planned issue of $500 million to $1 billion bonds; proceeds for infrastructure improvements and power plant construction.

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

June 8-14: OAO PROBUSINESSBANK: Dollar notes; BCP Securities, UBS.

June 15-20: DENIZBANK AS: Benchmark bonds; Bank of America Merrill Lynch, Citigroup, HSBC, JPMorgan.

Started July 4: VNESHECONOMBANK: Notes with maturity of 10 years or more; BNP Paribas, JPMorgan, Morgan Stanley, RBS.

July: INDIAN BANK: Benchmark dollar notes; Citigroup, HSBC, RBS, Standard Chartered.

July 7-13: CELULOSA ARGENTINA SA: Up to $150 million seven-year notes; Citigroup, Credit Suisse.

July 8-11: OAO SEVERSTAL: At least $500 million notes; Goldman Sachs, Barclays Capital.

July 8-13: METALLOINVEST MANAGEMENT CO. LLC: Dollar notes; Bank of America Merrill Lynch, BNP Paribas, Credit Suisse, ING, JPMorgan, RBS, Societe Generale, Troika Dialog, VTB Capital.

July 8-13: YPF SA: Dollar notes due 2019; BNP Paribas, Citigroup, Credit Suisse, ING, Itau, Santander, Standard Bank.

Starting July 11: REPUBLIC OF SRI LANKA: $1 billion 10-year notes; Bank of America Merrill Lynch, Barclays Capital, HSBC, RBS.

July 11-19: QGOG ATLANTIC/ALASKAN RIGS LTD.: $700 million senior secured notes due July 2018, with a 3.8-year average life; Banco Santander, HSBC (global coordinators and joint bookrunners), Citigroup Global Markets (joint bookrunner).

July 14-20: DOMINICAN REPUBLIC: $500 million bonds; Barclays Capital, JPMorgan.

Starts July 12: CHINA HONGQIAO GROUP LTD. Dollar-denominated or renminbi-denominated notes; JPMorgan, Barclays Capital, Deutsche Bank.

Upcoming: KOREA HOUSING FINANCE CORP: Dollar notes (expected rating: Aa3); BNP Paribas, Nomura, Standard Chartered Bank.

Upcoming: AFRICAN EXPORT-IMPORT BANK (AFREXIMBANK): Dollar notes; HSBC, Commerzbank, Mitsubishi UFJ Securities, Standard Bank.

© 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.