Emerging markets calendar

ASIA

May 12 Week

BANK OF CHINA LTD.: Renminbi benchmark notes due in three years (expected ratings: A1//A); Bank of China, Credit Suisse, Deutsche Bank, ING; talked in 3.7% area; Regulation S.

LOGAN PROPERTY HOLDINGS CO. LTD.: Possible notes; Citigroup, Deutsche Bank, HSBC, Goldman Sachs, JPMorgan, Citic Securities, VTB Capital, ABC International, ICBC International; roadshow started May 12; Shenzhen, China-based real estate development company.

GUOTAI JUNAN INTERNATIONAL HOLDINGS LTD.: Dollar notes; Bank of China, Guotai Junan Securities, HSBC, Agricultural Bank of China, Bank SinoPac, Mizuho Securities, Standard Chartered Bank, Wing Lung Bank; roadshow started May 12; Regulation S; Hong Kong-based investment holding company.

SHENZHEN OVERSEAS CHINESE TOWN CO. LTD.: Renminbi notes; ICBC (Asia), UBS, DBS Bank, CCB International; roadshow started May 12; Regulation S; tourism, properties and commodities company based in Shenzhen.

MAOYE INTERNATIONAL HOLDINGS LTD.: Dollar notes; Citigroup, CLSA, Deutsche Bank, Morgan Stanley; Rule 144A/Regulation S; proceeds to refinance indebtedness and for general corporate purposes; department store based in Shenzhen, China.

2014

MANILA ELECTRIC CO. (MERALCO): $250 million-$300 million notes; Pasig City, Philippines-based electrical power distributor.

SAPURAKENCANA BHD.: Dollar sukuk; proceeds to refinance debt and finance acquisition; oilfield services provider in Kuala Lumpur.

On The Horizon

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

EMERGING EUROPE & CENTRAL ASIA

May 12 Week

MONTENEGRO: Euro notes due in five years (Ba3/BB-/); Citigroup, Deutsche Bank, Erste Group; Rule 144A/Regulation S; roadshow started May 6; talked at high-5% area; offered in conjunction with an exchange and tender offer for Montenegro's existing 2015 and 2016 notes.

JSC NATIONAL MANAGING HOLDING KAZAGRO (KAZAGRO): €600 million notes; Citigroup, HSBC, RBS; Regulation S; roadshow started May 12; Astana, Kazakhstan-based agricultural company.

2014

RUSSIAN RAILWAYS: RUB 25 billion notes.

TURKIYE IS BANKASI AS (ISBANK): As much as $5 billion of bonds; lender based in Istanbul.

BULGARIA: Up to €1 billion of bonds; Citigroup, HSBC, JPMorgan.

INTERNATIONAL BANK OF AZERBAIJAN: $500 million notes; government-controlled bank based in Baku, Azerbaijan.

CITY OF PRAGUE: €200 million bonds.

SEKERBANK TAS: Up to $300 million of bonds; Istanbul-based lender.

KAZAKHSTAN: Possible notes.

LATIN AMERICA

May 12 Week

YPF SA: Up to $500 million or its equivalent; Securities and Exchange Commission-registered; petroleum and natural gas company based in Buenos Aires.

BRF SA: Possible notes; BB Securities, BTG Pactual, Itau BBA, Morgan Stanley, Santander; roadshow started May 12; food company based in Itajai, Brazil.

BRAZIL: $1 billion in 30-year notes.

ARENDAL S DE RL DE CV: Dollar notes due in two years (expected ratings: /B/B); Espirito Santo Investment Bank; change-of-control put at 101%; construction company based in Monterrey, Mexico.

2014

ECUADOR: Up to $700 million of notes; proceeds for infrastructure projects.

BANCO BICE: Swiss franc notes; Santiago, Chile-based lender.

CONCESIONARIA MEXIQUENSE SA DE CV (CONMEX): International bonds; Mexico-based leader of financing, design and building of sections of the Mexico City Ring Road Circuito Exterior Mexiquense.

BUENOS AIRES, ARGENTINA: Bonds.

MIDDLE EAST & AFRICA

May 12 Week

IVORY COAST: Possible $1 billion eurobonds due in 10 years; Citigroup, BNP Paribas, Deutsche Bank.

TRINIDAD CEMENT LTD.: Up to $300 million of notes due 2021 (expected ratings: /B/B-); non-callable for four years; change-of-control put at 101%; equity clawback of 35%; Rule 144A/Regulation S; proceeds to repay all outstanding borrowings and for general corporate purposes; roadshow May 6 to early May 12 week; produces cement and ready-mix products in the Caribbean.

DIAMOND BANK PLC: Possible dollar notes; Citigroup; Rule 144A/Regulation S; roadshow started May 7; lender based in Nigeria.

Early 2014

NATIONAL COMMERCIAL BANK OF SAUDI ARABIA: Dollar Islamic bonds.

ELLOMAY CAPITAL: NIS 120 million 4.6% series A debentures due December 2023; proceeds to repay about €13.5 million of debt to Israel Discount Bank Ltd. and for its operations and other general corporate purposes; Tel Aviv company conducts business in energy and infrastructure sectors worldwide.

KENYA POWER: Global bonds; based in Nairobi, Kenya.

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

2015

ZAMBIAN ELECTRICITY SUPPLY CO. (ZESCO): As much as $500 million of bonds; power company based in Lusaka, Zambia.

Roadshows

Started May 6: MONTENEGRO: Euro notes; Citigroup, Deutsche Bank, Erste Group.

May 6-early May 12 week: TRINIDAD CEMENT LTD.: Up to $300 million of notes due 2021.

Started May 7: DIAMOND BANK PLC: Possible dollar notes; Citigroup.

Started May 8: YANZHOU COAL MINING CO. LTD.: Possible notes; Deutsche Bank, UBS, Credit Suisse.

Starting May 12: JSC NATIONAL MANAGING HOLDING KAZAGRO (KAZAGRO): Benchmark euro notes; Citigroup, HSBC, RBS.

Starting May 12: BRF SA: Possible notes; BB Securities, BTG Pactual, Itau BBA, Morgan Stanley, Santander.

Starting May 12: LOGAN PROPERTY HOLDINGS CO. LTD.: Possible notes; Citigroup, Deutsche Bank, HSBC, Goldman Sachs, JPMorgan, Citic Securities, VTB Capital, ABC International, ICBC International.

Starting May 12: GUOTAI JUNAN INTERNATIONAL HOLDINGS LTD.: Dollar notes; Bank of China, Guotai Junan Securities, HSBC, Agricultural Bank of China, Bank SinoPac, Mizuho Securities, Standard Chartered Bank, Wing Lung Bank.

Starting May 12: SHENZHEN OVERSEAS CHINESE TOWN CO. LTD.: Renminbi notes; ICBC (Asia), UBS, DBS Bank, CCB International.

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