Emerging markets calendar

LATIN AMERICA

Week of March 12

PERU LNG SRL:

• $940 million 12-year senior notes

• BofA Merrill Lynch, Citigroup, Credicorp Capital and JPMorgan are joint bookrunners

• Rule 144A and Regulation S

• Proceeds to be used together with bank debt to refinance $1.2 billion of existing debt

• Lima, Peru-based gas plant operator

UNIGEL PARTICIPACOES SA:

• Planned seven-year notes

• Morgan Stanley and UBS are joint bookrunners

• Roadshow through March 14

• Rule 144A and Regulation S

• Proceeds to repay short-term debt and for general corporate purposes

• Brazilian-based chemical producer

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

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)

GRUPO LOS GROBO:

• Dollar notes

• Buenos Aires-based agribusiness

COSTA RICA:

• $1 billion of 30-year notes

• Deutsche Bank, HSBC.

ASIA

On The Horizon

BEIJING CAPITAL LAND LTD.:

• Up to RMB 3 billion corporate bonds, up to RMB 5 billion medium-term notes

• Up to 10-year maturity for the corporates and up to 5 years for the MT notes, which may also be issued as perpetual notes

• Proceeds for investment and construction projects, to replenish working capital and repay corporate debt

• Beijing-based real estate company

ZHAOJIN MINING INDUSTRY CO. LTD.:

• Up to RMB 2 billion corporate bonds, up to RMB 5.6 billion medium-term notes, and up to $300 million cross-border bonds

• One or more tranches with terms of up to 10 years

• Proceeds to replace current debt, replenish liquidity, repay borrowings and for general corporate purposes

• Zhaoyuan, China-based gold mining company

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

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

MHP SE:

• Dollar-denominated eurobond of eight to 10 years

• JPMorgan, ING and UBS are joint bookrunners

• Roadshow starting March 14

• Regulation S

• Concurrent tender offer conditional on the sale of new notes

• Kiev, Ukraine-based agricultural industrial company

RUSSIA:

• Up to $4 billion new notes

• Concurrent tender offer of existing 2030 bonds that expires March 15

• VTB Capital plc is dealer manager

• Regulation S

• Tender is conditional on the sale of new notes

PJSC GAZPROM:

• Euro-denominated offering of eight- to 10-year notes

• Deutsche Bank, Gazprombank, JPMorgan, Renaissance Capital and VTB Bank are joint bookrunners

• Regulation S

• Roadshow beginning March 12

• Moscow-based natural gas producer

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

IVORY COAST:

• Euro-denominated notes of up to 12 years maturity

• Possible longer-dated tranche subject to investor feedback

• Bookrunners are BNP Paribas, Citigroup, Deutsche Bank and Societe Generale CIB

• Rule 144A and Regulation S

• Roadshow began March 9

SEPLAT PETROLEUM DEVELOPMENT PLC:

• $300 million-$400 million five-year notes

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

• Talked to yield in the high 9% area

• 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 12

MAJID AL-FUTTAIM HOLDING LLC:

• Dollar benchmark perpetual hybrid notes

• Concurrent tender of existing perpetual hybrid notes of 2013

• Bookrunners are BNP Paribas, Citigroup, JPMorgan, Standard Chartered Bank, Emirates NBD Capital and First Abu Dhabi Bank

• Regulation S

• Investor call on March 12

• Dubai-based real estate development conglomerate

YAPI VE KREDI BANKASI AS:

• Launched $500 million five-year bonds

• Talked to yield 6.1%, tightened from 6Ό% area

• Bookrunners are Societe Generale, HSBC, JPMorgan, MUFG, NatWest, and UniCredit

• Regulation S

• Istanbul-based lender

EMIRATES AIRLINES:

• Sukuk offering of up to 10 years

• Bookrunners are Citigroup and Standard Chartered Bank are global coordinators and joint lead managers of the Regulation S benchmark, along with Abu Dhabi Islamic Bank, BNP Paribas, Dubai Islamic Bank, Emirates NBD Capital, First Abu Dhabi Bank, HSBC, JPMorgan and Noor Bank

• Regulation S

• Roadshow started March 8

• United Arab Emirates-based airline

On The Horlzon

DAR AL ARKAN REAL ESTATE DEVELOPMENT CO.:

• Sukuk offering

• Bookrunners are Goldman Sachs International and Deutsche Bank have been chosen to manage the deal along with Dubai Islamic Bank, Alkhair Capital, Emirates NBD, Nomura, Noor Bank and Standard Chartered

• Regulation S

• Pricing expected in March

EGYPT:

• Planned offering of euro notes

• Via bookrunners Deutsche Bank, BNP Paribas, Standard Chartered Bank and Alexbank

• Funding for 2018 year

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