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Emerging markets calendar
LATIN AMERICA
On The Horizon
ARGENTINA:
Three tranches of dollar-denominated bonds
Bookrunners Citigroup, Deutsche Bank Securities and HSBC
Proceeds to be used for general purposes of the state
SEC-registered
Listing on Luxembourg Stock Exchange planned
SURINAME:
Up to $75 million of 18-month notes
Proceeds for budgetary purposes, including highway construction and hospital payments
Regulation S
Potential sources of repayment include certain state-owned assets and proceeds from liabilities
EMPRESA PROVINCIAL DE ENERGIA DE CORDOBA:
Up to $100 million of notes
Proceeds to repay existing debt with wholesale market administrator and for working capital
Bookrunners include BofA Merrill Lynch and Citigroup
Rule 144A and Regulation S
Buenos Aires-based energy company (electricity, oil and gas)
CABLEVISION SA:
Plans $50 million of class B fixed-rate notes
To be issued under the companys $1 billion global notes program
Argentine cable television company subsidiary
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
ASHIANA HOUSING LTD.:
Up to Rs. 2.5 billion of debt securities
Secured or unsecured nonconvertible debentures
New Delhi-based real estate development company
JM FINANCIAL LTD.:
Up to Rs. 6.5 billion of equity shares or debt instrument
May be issued by institutions placement, private placement, public issue, preferential issue or other permissible mode
Mumbai-based financial services group
ESSEL PROPACK LTD:
Up to Rs. 500 million unsecured redeemable nonconvertible debentures
Private placement
Mumbai-based special packaging company
GUANGZHOU CITY CONTRUCTION & DEVELOPMENT CO. LTD:
Up to RMB 7 billion guaranteed interest-bearing corporate bonds
Guaranteed by Yuexiu Property Co. Ltd.
Hong Kong-based property developer
SINDICATUM RENEWABLE ENERGY CO. PTE. LTD.:
Rupee-denominated green bonds settled in dollars
Guaranteed by GuarantCo
Proceeds to fund Sindicatum renewable energy projects in India and to refinance existing debt
Singapore-based investor, developer and operator of renewable energy projects
QUANZHOU HUIXIN MICRO-CREDIT CL. LTD.:
RMB 500 million of bonds
Maturity of up to three years
Guarantor Fujian Septwolves Group
Proceeds to replenish working capital, repay bank loans and other purposes
Quanzhou, Fujiuan-based finance company associated with the tobacco and clothing brand based in Ziamen, Fujian, China
RELIANCE HOME FINANCE LTD.:
Rs. 20 billion of nonconvertible debentures, up to Rs. 75 million of warrants
Qualified institutional placement
Mumbai-based financial company
SATIN CREDITCARE NETWORK LTD.:
Rs. 2 billion of nonconvertible debentures
Private placement
New Delhi-based non-banking financial company
CHINA CITIC BANK CORP. LTD.:
Offshore issuance of dollar-denominated notes
A prior proposed issue was for up to $1.8 billion
The lender is based in Beijing
BANK OF CHONGQING CO. LTD.:
Up to RMB 5 billion offshore preference shares
Mandatorily convertible into H shares upon occurrence of specified events
Regulation S
The lender is based in Chongqing, China
CONCORD NEW ENERGY LTD.:
Dollar-denominated unsecured notes
Bookrunners are Merrill Lynch International, BOC International and China Everbright Bank Hong Kong Branch
Regulation S
Proceeds for general corporate purposes and to refinance debt
Shenzhen, China-based department store
RELIANCE INDUSTRIES LTD.:
To issue Rs. 50 billion nonconvertible debentures
Fourth tranche of issuance given authority by shareholders July 21
Proceeds to refinance existing borrowings and for general corporate purposes
Private placement
Mumbai-based petrochemical and retail conglomerate
SHANGHAI DAZHONG PUBLIC UTILITIES (GROUP) CO., LTD.:
Up to RMB 1.69 billion corporate bonds in tranches
First tranche to be completed within 12 months; remaining tranches within 24 months
China Securities Regulatory Commission
Public offering
Shanghai-based urban transport, city gas, environmental and municipal businesses holding company
FAR EASTERN INTERNATIONAL BANK:
Plans to issue NT$5 billion perpetual non-cumulative subordinated financial debentures
In connection with the new issue, the lender is terminating plan to issue NT$4 billion of subordinated debt
Proceeds will be used for tier 1 capital
Taipei, Taiwan-based bank
HUA NAN FINANCIAL HOLDINGS CO., LTD.:
Up to NT$12 billion of bonds in 2017
Maturities of five and 10 years
Underwriter Hua Nan Securities
Proceeds to repay a bond maturing in 2018 and enhance capital structure
Taipei, Taiwan-based banking and securities company
TENAGA NASIONAL BHD.:
RM 4 billion 20-year Sukuk
To be issued through Southern Power Generation subsidiary
Joint lead managers CIMB Investment Bank and Maybank Investment Bank Bhd.
Proceeds earmarked for funding project costs
Kuala Lumpur-based electric utility
SMC GLOBAL POWER CORP.:
Plans PHP 20 billion offering despite approval for PHP 35 billion of debt securities
Proceeds to refinance the companys outstanding $400 million issue
Mandaluyong City, Philippines-based power company subsidiary of San Miguel Corp.
CHINA NATIONAL BUILDING MATERIAL CO. LTD.:
Up to RMB 20 billion of corporate bonds
Beijing-based state-owned building materials enterprise
CHINA ALUMINUM INTERNATIONAL ENGINEERING CORP. LTD.:
Up to RMB 20 billion of onshore and offshore debt financing
Maturity of up to 10 years
Proceeds to be used to meet business operation needs like debt structure and working capital
Beijing-based engineering company
VARDHMAN TEXTILES LTD.:
Up to Rs. 5 billion of committee-approved secured debentures
Ludhiana, India-based textile producer
IGB REAL ESTATE INVESTMENT TRUST:
Up to RM 5 billion, 20-year notes
To be issued through wholly owned special purpose vehicle IGB REIT Capital Sdn. Bhd.
Lead arranger and manager Hong Leong Investment Bank Bhd.
Proceeds to finance investments, refinance existing or future borrowings and fund working capital requirements
Kuala Lumpur-based real estate investment trust
HINDUSTAN COPPER LTD.:
Possible issue of debentures in a private placement
Issue to be discussed by companys board on Aug. 22
One or more tranches of secured or unsecured debentures may be issued
Kolkata-based copper producer
ABOITIZ POWER CORP.:
Plans public offerings for up to PHP 30 billion of fixed-rate bonds in tranches
Power generation company and subsidiary of Aboitiz Equity Ventures Inc. based in Taguig City, Philippines
DIGITAL CHINA HOLDINGS LTD.:
Plans to issue up to RMB 1.3 billion of corporate bonds in multiple tranches
The first tranche will be completed with 12 months, and the remaining tranches are seen being completed within 24 months.
The Hong Kong-based foreign brand information technology products company is a spinoff from Legend Group
CHINA HUARONG ASSET MANAGEMENT CO., LTD.:
Proposing to issue up to RMB 20 billion of offshore preference shares
Preference shares will be sold at or above par
Proposed issuance is subject to shareholders approval at an upcoming meeting
State-owned asset manager is based in Beijing
ASTRO MALAYSIA HOLDINGS BHD.:
Up to RM 3 billion medium-term notes
To be issued through Measat Broadcast Network Systems Sdn. Bhd.
CIMB Investment Bank Bhd. and RHB Investment Bank Bhd. are joint lead arrangers
Proceeds to finance licensing costs, purchase equipment, for capital expenditures and refinance any maturing MTNs
Kuala Lumpur, Malaysia-based satellite television and radio operator
CENTRAL & EASTERN EUROPE
On The Horizon
REPUBLIC OF MACEDONIA:
Offering of euro-denominated benchmark of seven-year notes
Bookrunners include Citigroup, Deutsche Bank London Branch, Erste Group Bank
Regulation S and Rule 144A
Roadshow meetings Jan. 8-10 in Europe
100,000 par notes
Being sold concurrently with a tender offer for the sovereigns 270 million of 4 7/8% notes due 2020
REPUBLIC OF SLOVENIA:
Offering of euro-denominated benchmark of 10-year notes
Bookrunners include Citigroup, Commerzbank, Goldman Sachs International Bank, Jefferies and Nova Ljublijanska Bank
Regulation S
Subject to market conditions
LUKOIL:
International bond offering
Expected to price in the first quarter ahead of April 24 maturity of $1.5 billion of notes
Moscow-based oil and gas company
MIDDLE EAST
Week of Jan. 8
STATE OF ISRAEL:
One or two benchmark-sized tranches of 10-year and/or 30-year notes
Bookrunners Citigroup, Deutsche Bank Securities and Goldman Sachs Co. LLC
Roadshow Jan. 8-9 with meetings in London, Boston and New York
Proceeds to be used for general purposes of the state, which may include debt refinancing
SEC-registered
Listing on Luxembourg Stock Exchange planned
SULTANATE OF OMAN:
Triple tranche deal of five-, 10- and 30-year notes
To be issued by Ministry of Finance under the governments unlimited global medium-term note program
Roadshow Jan. 5-9 with meetings in London, Boston and New York
Bookrunners Citigroup, HSBC, J.P. Morgan, SMBC Nikko and Standard Chartered Bank
Rule 144A and Regulation S
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