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Emerging markets calendar: Gran Tierra Energy to price $300 million of seven-year notes
LATIN AMERICA
Feb. 8
GRAN TIERRA ENERGY INTERNATIONAL HOLDINGS LTD.:
$300 million of seven-year
Initial price talk for a yield in the high 6% area
Bookrunners Credit Suisse, RBC Securities and Scotia Capital
Guaranteed by Gran Tierra Energy Inc.
Proceeds to repay amounts borrowed under its revolving credit facility and general corporate purposes, including development capital
Bogota, Colombia-based oil and gas E&P company
Week of Feb. 5
CSN RESOURCES SA:
Senior notes
Proceeds primarily for tender of 2019 and 2020 notes, with combined outstanding of $1.95 billion
Banks managing investor meetings are Banco do Brasil, Bradesco Securities and Morgan Stanley
Guaranteed by Companhia Siderurgica Nacional SA
Sao-Paulo-based integrated steel maker
On The Horizon
DOMINICAN REPUBLIC:
Senior notes of U.S. dollar or local currency or both
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
URUGUAY:
Up to $2.7 billion in longer-dated dollar notes
Proceeds for general budgetary purposes
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.
ASIA
On The Horizon
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
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
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
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
EMERGING EUROPE & CENTRAL ASIA
Week of Feb. 5
NOSTRUM OIL & GAS PLC:
Dollar-denominated, seven-year note offering
Roadshow Feb. 2-7
Bookrunners Banca IMI, Citigroup, Deutsche Bank and VTB Capital
Regulation S and Rule 144A
Proceeds to refinance Nostrums 2019 eurobonds
Uralsk, Kazakhstan-based oil and gas E&P company
OJSC ALFA BANK:
At least $300 million of dollar notes
Alfa Bond Issuance plc is issuer
Regulation S
UBS is central coordinator for the deal
Moscow-based commercial lender
On The Horizon
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 Feb. 5
FIRST ABU DHABI BANK PJSC:
Dollar-denominated, five-year sukuk
Roadshow Feb. 5
Bookrunners Citigroup, First Abu Dhabi Bank, KFH Capital, NCB Capital and Standard Chartered
Regulation S
Lender operating in the United Arab Emirates
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