Emerging markets calendar

LATIN AMERICA

Week of Jan. 8

REDE D’OR SAO LUIZ SA:

• Up to $500 million of seven- to 10-year notes

• Proceeds for general corporate purposes including repayment of debt and capital expenditures

• Sao Paulo-based hospital owner and operator

Week of Jan. 15

HIDROVIAS DO BRASIL SA:

• Dollar-denominated, seven-year notes

• Four years of call protection

• Being issued by Hidrovias International Finance Sarl

• Bookrunners BofA Merrill Lynch, Itau, Morgan Stanley, BB Securities and Santander Securities

• Investor meetings wrap up Jan. 16

• Proceeds to repay project finance debt

• Rule 144A and Regulation S

• Sao Paulo-based food processing company

On The Horizon

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 company’s $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

PUMA ENERGY HOLDINGS PTE. LTD.:

• Dollar-denominated eight-year senior unsecured notes

• Non-callable for three years

• Bookrunners are BofA Merrill Lynch (global coordinator), ING, MUFG and Societe Generale

• Rule 144A and Regulation S

• Proceeds to redeem the issuer’s 2021 notes and pay down revolving credit facilities

• Singapore-based oil and gas products and services company

COUNTRY GARDEN HOLDINGS CO. LTD.:

• Dollar-denominated senior notes

• Non-callable for three years

• Bookrunners are Goldman Sachs (Asia) LLC, J.P. Morgan, BNP Paribas and BOC International

• Regulation S

• Proceeds to redeem the issuer’s 2023 notes and for general corporate purposes

• Foshan, China-based real estate developer

PETRON CORP.:

• Issue of dollar-denominated undated unsubordinated capital securities

• Proceeds to tender up to $750 million 7 ½% undated subordinated capital securities

• Mandaluyong City, Philippines-based oil company controlled by San Miguel Corp.

EMAMI INFRASTRUCTURE LTD.:

• An issue of nonconvertible debentures

• Kolkata, India-based real estate development company

STATE BANK OF INDIA:

• Up to Rs. 2 billion in one or more tranches

• May be dollar-denominated senior unsecured notes

• Mumbai-based banking and financial services company

HOUSING AND URBAN DEVELOPMENT CORP. LTD.:

• Up to Rs. 2 billion of three-year debt securities

• Unsecured nonconvertible debentures

• Greenshoe option

• New Delhi-based housing company

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 company’s 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 company’s 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

EMERGING EUROPE & CENTRAL ASIA

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 sovereign’s €270 million of 4 7/8% notes due 2020

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 & AFRICA

Week of Jan. 8

ELBIT IMAGING LTD.:

• Possible capital or debt raise on the Tel Aviv Stock Exchange

• Via subsidiary Elbit Medical Technologies Ltd.

• Tel Aviv-based real estate development company

REAL PEOPLE INVESTING HOLDINGS LTD.:

• Participating nots to be issued to holders of krone and krona bonds

• Via special purpose vehicle Izabelo NOK BV

• Face value of SEC 393,940

• Proceeds to be used for general purposes of the state, which may include debt refinancing

• East London, South Africa-based provider of financial services

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