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Published on 9/19/2013 in the Prospect News Emerging Markets Daily.

Emerging markets calendar

AFRICA & MIDDLE EAST

Sept. 23 Week

AL HILAL BANK: Dollar notes; HSBC, Standard Chartered Bank, Citigroup, National Bank of Abu Dhabi; Regulation S; roadshow starts Sept. 23; lender owned by Abu Dhabi government.

SAUDI BASIC INDUSTRIES CORP. (SABIC): Dollar notes; Citigroup, HSBC, Mizuho Securities, RBS; Regulation S; roadshow Sept. 22-25; Saudi Arabia-based chemicals and metals manufacturer.

September

AHLI UNITED BANK: Dollar notes; Kuwait-based bank.

ALMARAI: Hybrid issue of Islamic bonds; integrated dairy foods company based in Riyadh, Saudi Arabia.

2013

BANQUE MAROCAINE DU COMMERCE EXTERIEUR (BMCE BANK): $500 million notes due in five years; bank based in Casablanca, Morocco.

ASIA

Sept. 16 Week

THAI MILITARY BANK (TMB BANK): Dollar notes; HSBC, ING, Standard Chartered Bank; Regulation S; roadshow started Sept. 12; lender based in Bangkok.

VISTA LAND & LIFESCAPES: Dollar notes; HSBC, UBS; Regulation S; roadshow started Sept. 13; homebuilder based in Mandaluyong, Philippines.

Sept. 23 Week

INDUSTRIAL BANK OF KOREA: Possible notes; Barclays, Societe Generale, Goldman Sachs, HSBC; roadshow starting Sept. 23.

PING AN INSURANCE (GROUP) CO. OF CHINA LTD.: Dollar notes; BofA Merrill Lynch, HSBC; roadshow started Sept. 17; Shenzhen, China-based holding company.

PT APEXINDO PRATAMA DUTA TBK: Five-year dollar notes (expected ratings: Ba3/B+/);

JPMorgan, Standard Chartered Bank, ANZ Banking Group, Raiffeisen Bank International; Rule 144A/Regulation S; roadshow started Sept. 17; Indonesia-based oil, gas and geothermal drilling services provider.

2013

CHINA NATIONAL OFFSHORE OIL CORP. (CNOOC): Up to $3 billion of bonds; Hong Kong-based oil company.

APOLLO TYRES LTD.: $1.875 billion of bonds; Haryana, India-based tire manufacturer.

2014

REPUBLIC OF TANZANIA: Up to $700 million of notes; pricing expected in the first half of the year.

On The Horizon

VINGROUP JSC: Dollar notes due in five years (/B+/B); Credit Suisse, Citigroup; non-callable for three years; Rule 144A/Regulation S; real estate company based in Hanoi, Vietnam.

BANGLADESH: $1 billion notes by 2015; proceeds for infrastructure projects.

ASIA CAPITAL REINSURANCE: Singapore dollar-denominated notes; reinsurer based in Singapore.

EMERGING EUROPE & CENTRAL ASIA

Sept. 23 Week

GAZPROMBANK OJSC: Dollar notes; Barclays, BNP Paribas, BOC International, Goldman Sachs, GPB Financial Services, Societe Generale; roadshow started Sept. 16; Regulation S; Moscow-based lender.

COCA-COLA ICECEK AS: Up to $1 billion international bonds; Barclays, Citigroup, HSBC, JPMorgan; roadshow started Sept. 18; Rule 144A/Regulation S; proceeds for debt refinancing; bottler based in Istanbul.

HOME CREDIT AND FINANCE BANK: Possible notes; Citigroup, Sberbank, UBS; lender based in Moscow.

HUNGARIAN DEVELOPMENT BANK: Dollar notes; Citigroup, Deutsche Bank, JPMorgan; Rule 144A/Regulation S; roadshow starts Sept. 23.

Fall 2013

OJSC MMC NORILSK NICKEL: Dollar notes; Barclays, BofA Merrill Lynch, Citigroup, Societe Generale, Sberbank; nickel and palladium producer based in Moscow.

STATE OIL CO. OF THE AZERBAIJAN REPUBLIC (SOCAR): Possible notes.

BULGARIAN ENERGY HOLDING EAD: €250 million notes in the fall of 2013; based in Sofia, Bulgaria.

2013

TURKEY: Dollar Islamic bonds.

CITY OF PRAGUE: €200 million bonds.

On The Horizon

LATVIA: $4 billion notes in 2013 or 2014; proceeds to refinance the sovereign's 2014 bonds and its bailout from the International Monetary Fund and the European Union.

PT INDIKA TBK.: Dollar notes due in 10 years (B1); Jakarta, Indonesia-based energy company.

LATIN AMERICA

Sept. 23 Week

EMBOTELLADORA ANDINA SA: Possible notes; JPMorgan, Itau BBA, Santander; Rule 144A/Regulation S; roadshow Sept. 23-25; Santiago, Chile-based bottler of soft drinks.

PERU: Benchmark-sized bonds; proceeds to fund infrastructure projects.

ARCOS DORADOS HOLDINGS INC.: New notes concurrent with tender offer; proceeds to repay principal and premium on 2019 notes in connection with tender offer, to repay certain short-term indebtedness, to unwind the company's cross-currency interest rate swap with Bank of America and for general corporate purposes; Buenos Aires-based operator of McDonald's restaurants.

September

BANCO NACIONAL DE COMERCIO EXTERIOR, SOCIEDAD NACIONAL DE CREDITO, INSTITUCION DE BANCA DE DESARROLLO (BANCOMEXT): Possible notes.

Roadshows

Started Sept. 12: THAI MILITARY BANK (TMB BANK): Dollar notes; HSBC, ING, Standard Chartered Bank.

Started Sept. 13: VISTA LAND & LIFESCAPES: Dollar notes; HSBC, UBS.

Started Sept. 16: GAZPROMBANK OJSC: Dollar notes; Barclays, BNP Paribas, BOC International, Goldman Sachs, GPB Financial Services, Societe Generale.

Started Sept. 17: PING AN INSURANCE (GROUP) CO. OF CHINA LTD.: Dollar notes; BofA Merrill Lynch, HSBC.

Started Sept. 18: COCA-COLA ICECEK AS: Up to $1 billion international bonds; Barclays, Citigroup, HSBC, JPMorgan.

Starting Sept. 22: SAUDI BASIC INDUSTRIES CORP. (SABIC): Dollar notes; Citigroup, HSBC, Mizuho Securities, RBS.

Starting Sept. 23: HUNGARIAN DEVELOPMENT BANK: Dollar notes; Citigroup, Deutsche Bank, JPMorgan.

Starting Sept. 23: INDUSTRIAL BANK OF KOREA: Possible notes; Barclays, Societe Generale, Goldman Sachs, HSBC; roadshow starting Sept. 23.

Starting Sept. 23: AL HILAL BANK: Dollar notes; HSBC, Standard Chartered Bank, Citigroup, National Bank of Abu Dhabi.

Sept. 23-25: EMBOTELLADORA ANDINA SA: Possible notes; JPMorgan, Itau BBA, Santander.


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