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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
CHENGDU XINGCHENG INVESTMENT GROUP CO. LTD.:
Dual-tranche offering of five- and seven-year notes
Proceeds will be used for project construction and credit payment
Infrastructure development financing company for Chengdu city in Sichuan province, China
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 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
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
MIDDLE EAST
Week of March 12
DAR AL ARKAN REAL ESTATE DEVELOPMENT CO.:
$300 million Sukuk offering
Talked to yield in the area of 7½%
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
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
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
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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