Emerging markets calendar

LATIN AMERICA

On The Horizon

PARAGUAY:

• Dollar denominated benchmark of notes

• Citigroup and J.P. Morgan are joint bookrunners

• Rule 144A and Regulation S

• Proceeds mainly to finance capital expenditures on transportation and urban infrastructure and refinance a portion of its outstanding debt

• Roadshow set to begin March 6

• Expected S&P’s rating: BB

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 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.

ASIA

On The Horizon

LOGAN PROPERTY HOLDINGS CO. LTD.:

• Dollar-denominated senior notes

• Bookrunners are Guotai Junan International, CCB International, China Industrial Securities International, CMBC Capital, CMB International, GF Securities, Haitong International, Standard Chartered Bank

• Regulation S

• Proceeds for general corporate purposes and to refinance debt

• Shenzhen, China-based real estate development company

UPL LTD.:

• International offering of U.S. dollar notes

• Via subsidiary UPL Corp. Ltd.

• Regulation S

• Mumbai-based agricultural company

YUZHOU PROPERTIES Co. LTD.:

• International debt offering of senior notes

• Regulation S

• Hong Kong-based property developer

CENTRAL CHINA REAL ESTATE LTD.:

• International offering of dollar-denominated notes

• Credit Suisse, Deutsche Bank, Guotai Junan International, Haitong International, Morgan Stanley and VTB Capital are joint bookrunners

• Regulation S

• Proceeds to repay existing debt

• Zhenghou City, China -based property development company

CARABAO PLC:

• Up to 5 billion baht of debentures in one or more tranches

• May be denominated in baht or other currencies

• Proceeds for refinancing, expand business and working capital

• Bangkok-based beverage company

KONG SUN HOLDINGS LTD.:

• Up to RMB 1 billion of green corporate bonds

• Up to five-year maturity

• To be issued by subsidiary Kong Sun Yongtai Investment Holdings Ltd.

• Proceeds for construction and repayment of solar power plant projects

• Hong Kong-based investment holding company

LENOVO GROUP LTD.:

• $3 billion medium-term note program

• Citigroup Group Markets Ltd. arranger

• Listing on the Stock Exchange of Hong Kong

• Beijing-based technology company

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. 3 billion of three-year debt securities, raised from Rs. 2 billion

• Unsecured nonconvertible debentures

• Greenshoe

• Proposed listing on the BSE Ltd.

• 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

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

JSC GEORGIA CAPITAL:

• $300 million of five-year notes

• Roadshow meetings Feb. 22-23

• Citigroup, J.P. Morgan joint bookrunners with Renaissance Capital as joint lead manager

• Investment business holding company of BGEO Group, formerly Bank of Georgia Holdings plc

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

DOMODEDOVO AIRPORT:

• International bond offering

AFRICA

On The Horizon

SENEGAL:

• Dual-tranche offering of dollar, euro notes

• Up to 10-year euro bond, and 30-year dollar bond

• Concurrent capped tender offer of existing bonds

• BNP Paribas, Cititgroup, Deutsche Bank, Natixis, Societe Generale CIB and Standard Chartered are joint bookrunners

• Rule 144A and Regulation S

• Roadshow beginning Feb. 28

SEPLAT PETROLEUM DEVELOPMENT PLC:

• Dollar notes in 5- or 7-year maturity

• Citigroup, Standard Bank and Standard Chartered Bank are joint bookrunners

• Rule 144A and Regulation S

• Roadshow beginning March 1

• Proceeds earmarked to refinance existing debt and general corporate purposes

• Nigerian oil and gas exploration and development company

MIDDLE EAST

Week of March 5

BANKMUSKAT:

• Dollar denominated benchmark of notes

• Bookrunners are Bank ABC, BankMuscat, Citigroup, Credit Agricole CIB, Emirates NBD Capital, First Abu Dhabi Bank, HSBC and ICBC Standard Bank

• Regulation S

• Roadshow beginning March 4

• Oman-based financial services company

EMIRATE OF SHARJAH:

• Single or dual tranche sukuk for five, seven or 10 yearsi

• Bookrunners are Dubai Islamic Bank, HSBC, Sharjah Islamic Bank and Standard Chartered Bank

• Regulation S

• Roadshow beginning March 4

ISLAMIC DEVELOPMENT BANK:

• Five-year sukuk issuance

• Possible 10-year sukuk subject to investor feedback

• Bookrunners are CIMB, Citigroup, Emirates NBD Capital, Gulf International Bank, HSBC, Natixis, SMBC Nikko and Standard Chartered

• Regulation S

• Roadshow beginning March 6

• Jeddah, Saudi Arabia-based lender

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