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Emerging markets calendar
LATIN AMERICA
On The Horizon
PETROLEO BRASILEIRO SA:
Plans to sell an additional amount of its 6 1/8% notes due 2022, 7 3/8% notes due 2027 and 7Ό% notes due 2044
Will be sold via wholly owned subsidiary Petrobras Global Finance BV
Will be consolidated and form a single series with similar terms
BB Securities Ltd., Banco Bradesco BBI SA, Citigroup Global Markets Inc., HSBC Securities (USA) Inc., Itau BBA USA Securities, Inc. and Morgan Stanley & Co. LLC will act as joint bookrunners
Rio de Janeiro-based semi-public petroleum company
2017
LA RIOJA:
$200 million notes
UBS, Puente Hnos SA
Province in Argentina.
GRUPO LOS GROBO:
Dollar notes
Buenos Aires-based agribusiness.
COSTA RICA:
$1 billion of 30-year notes
Deutsche Bank, HSBC.
COLOMBIA:
Euro notes
BBVA, Goldman Sachs, JPMorgan
Securities and Exchange Commission registered
Includes a make-whole call
Proceeds for general budgetary purposes.
ASIA
On The Horizon
HON HAI PRECISION INDUSTRY CO., LTD.:
Plans to issue up to NT$27 billion of unsecured corporate bonds at par in one or more tranches
Proceeds will be used to repay debt and for working capital
Tu-cheng, Taiwan, manufacturer of computer connectors, cable assemblies and enclosures
PEGATRON CORP.:
Approved the issuance of up to NT$15 billion of corporate bonds, up to $300 million of zero-coupon euro convertible bonds
Convertible bonds will have a 0% coupon, a five-year maturity and will be priced at par
Proceeds will be used to repay loans and for working capital
Taipei, Taiwan-based developer of computing, communications and consumer electronics
XIAMNE AIRLINES CO. LTD.:
Has been approved to issue up to RMB 5 billion of corporate bonds
First tranche must be completed within 12 months and all tranches within 24 month
Holding subsidiary of China Southern Airlines Co. Ltd., an airline based in Guangzhou, China
UNITED PHOTOVOLTAICS GROUP LTD.:
Plans to issue up to RMB 1 billion of corporate bonds through subsidiary United Photovoltaics (Changzhou) Investments Co., Ltd.
Proceeds will be used to refinance debt and for working capital purposes
The bonds will be issued in one or multiple tranches within 12 months of the date of no-objection letter, filed April 28
Hong Kong-based investment holding company
INDIAN BANK:
Plans to price up to Rs. 50 billion of long-term bonds
Proceeds would be used to finance infrastructure and affordable housing
State-owned financial services company based in Chennai, India
FAR EASTONE TELECOMMUNICATIONS CO., LTD.:
Plans to issue up to NT$5 billion of corporate bonds with maturities of up to seven years
Fixed-rate bonds will be sold at par in one or more public offerings
Proceeds will be used to repay debt
Taipei, Taiwan-based telephone company
CAPITAL FIRST LTD.:
Plans to sell Rs. 2.9 billion of secured redeemable debentures
Capital will issue 2,900 debentures with a face value of Rs. 1 million each by way of private placemen
Debentures will be rated and listed
Mumbai, India-based consumer and wholesale business financial services provider
ARVIND LTD.:
Proposing to issue up to Rs. 5 billion of nonconvertible debentures in a private placement
Companys board of directors will consider the issue at a meeting set for May 11
Ahmedabad, India-based vertically integrated textile company
IIFL HOLDINGS LTD.:
Board of directors will meet on May 4 to approve fundraising through non-convertible debentures on a private placement
Mumbai-based financial services company
HUANENG POWER INTERNATIONAL, INC.:
Proposing to issue up to RMB 29.3 billion of domestic or overseas debt financing instruments
Proposed issuances are subject to shareholders approval at an upcoming meeting
Beijing-based developer, constructor and operator of large power plants
IDFC BANK LTD.:
Approved raising up to Rs. 100 billion of redeemable nonconvertible debentures and other debt instruments
Will be issued in one or more tranches in the domestic/overseas markets, over a period of one year, within the overall borrowing limit of Rs. 1.5 trillion
Bank based in Chennai, India
ADLABS ENTERTAINMENT LTD.:
May issue debentures in private placement
May raise funds through the issue of convertible warrants and equity shares on a preferential basis
Mumbai, India-based company that develops and operates theme-based entertainment destinations
INDIABULLS HOUSING FINANCE LTD.:
May issue up to Rs. 250 billion secured nonconvertible debentures
May issue Rs. 20 billion unsecured redeemable nonconvertible subordinated debt
Will be issued in one or more tranches from time to time via private placement
Mumbai-based real estate company
CHINA DEVELOPMENT BANK FINANCIAL LEASING CO. LTD.:
Proposing to issue up to RMB 44 billion of overseas/domestic debt financing with maturities of up to 10 years
Proceeds will be used for business and operation needs and to replenish operating capital
Issuer is based in Shenzhen, China
HARBIN BANK CO., LTD.:
Received shareholder/regulatory approval to issue RMB 8 billion offshore preference shares
Covers up to 80 million offshore preference shares issued in renminbi or other currencies
Bank is based in Harbin, China
GREAT EASTERN SHIPPING CO. LTD.:
Will consider an issue of up to Rs. 10 billion nonconvertible debentures
Will be issued by way of private placement
Mumbai, India-based shipping company transports liquid, gas and solid bulk products
HDFC BANK LTD.:
Approved issuance of Rs. 500 billion of debt over next 12 months
Issued as perpetual debt instruments, tier 2 capital bonds and senior long-term bonds through private placement
Mumbai, India-based banking and financial services company
INDIAN HOTELS CO. LTD.:
Allotted Rs. 2 billion of secured redeemable debentures
2,000 debentures will be issued by way of private placement
Will be rated and listed
Mumbai, India-based hotel business
NTPC LTD.:
Board approved a proposal to issue up to Rs. 50 billion and/or up to $750 million-equivalent of notes
Medium-term or stand-alone
One or multiple tranches
Proceeds to finance the capital expenditure of new and ongoing projects, coal mining projects, renovation and modernization of power stations and/or for other purposes
New Delhi-based power company
SHRIRAM TRANSPORT FINANCE CO. LTD.:
Board of directors to meet April 27 to consider raising funds
Borrowing could occur by way of issue of redeemable nonconvertible debentures/subordinated debentures
Provides financing for commercial vehicles and is based in Mumbai
MAHINDRA & MAHINDRA FINANCIAL SERVICES LTD.:
Possible Rs. 290 billion of redeemable debentures in a private placement
May consist of secured or unsecured debentures as well as subordinated debentures
Subsidiary of Mahindra & Mahindra Ltd., a Mumbai, India-based manufacturer of tractors and light commercial vehicles
CHINA MERCHANTS BANK CO. LTD.:
Planning to issue RMB 27.5 billion domestic preference shares, RMB 7.5 billion offshore preference shares
Subject to regulatory and shareholder approval
Issuer is based in Shenzhen, China
LEGEND HOLDING CORP.:
RMB 28 billion of debt financing instruments
No more than 15-year maturity, unless perpetual bonds
Proceeds toward working and operating capital; project investments; and repaying interest-bearing debt
Beijing-based investment holding company
PVP VENTURES LTD.:
Rs. 5 billion of secured redeemable debentures
Approved at board of directors meeting on April 17
Hyderabad, India-based real estate and property development company
RED STAR MACALLINE GROUP CORP. LTD.:
Dollar-denominated notes
Morgan Stanley, Citigroup, CICC HK Securities, Guotai Junan International and China Merchants Securities (HK) are bookrunners
Regulation S
Shanghai-based operator and manager of home furnishings shopping malls
ENERGY EARTH PCL:
15 billion baht debentures with 10-year maturities
May be offered in one or more tranches on revolving basis
Bangkok-based energy company
EUROPE/CIS
On The Horizon
TURKIYE GARANTI BANKASI:
Expected to offer Basel III-compliant tier-2 10-year benchmark bonds
BBVA, BofA Merrill Lynch, BNP Paribas, HSBC, Standard Chartered and Commerzbank are joint bookrunners
Lender based in Istanbul
REPUBLIC OF SLOVENIA:
Will issue new euro-denominated notes as part of a tender offer exchange
Tender offer for its outstanding $2.25 billion 5½% notes due 2022; $2.5 billion 5.85% notes due 2023; and $2 billion 5Ό% notes due 2024
Africa/Middle East
On The Horizon
ZENITH BANK:
Will begin investor meetings for a five-year dollar-denominated benchmark bond
Fitch Ratings assigned an expected B+ rating for the notes
Lagos, Nigeria-based bank
SIBANYE:
Will raise about $1 billion of debt, most likely through the bond market
Expected to close in the first half of 2017
Will fund its proposed acquisition of Stillwater Mining Co.
Mining company based in Westonaria, South Africa
SENEGAL:
Will issue a dollar-denominated benchmark deal with maturity up to 16 years
Investor meetings will be held May 8 through May 15
Proceeds will go toward financing infrastructure spending
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