Emerging markets calendar

LATIN AMERICA

On The Horizon

VRIO CORP.:

• Offering of 2023, 2028 notes in U.S. dollars or in dollars and Argentine pesos

• Issued together by Vrio Finco 1 LLC (2028 notes) and Vrio Finco 2 Inc. (2023 notes)

• Citigroup, Goldman Sachs, JPMorgan and Morgan Stanley are arranging investor meetings

• Roadshow through March 27 in New York, Los Angeles, London and Boston

• Rule 144A and Regulation S

• AT&T Inc. DirecTV’s Latin America unit

MINERVA SA:

• U.S. dollar-denominated perpetual notes

• BofA Merrill Lynch, Bradesco, BTG Pactual, HSBC and Itau

• Proceeds to be used to fund tender offer of $300 million 8 Ύ% perpetuals

• Barretos, Brazil-based food processor

INRETAIL SHOPPING MALLS:

• U.S. dollar-denominated senior notes

• Citigroup and J.P. Morgan are dealer managers

• Proceeds to be used to fund tender offer of 6 ½% senior notes due 2021

• Lima, Peru-based shopping mall operator

GILEX HOLDING SARL:

• U.S. dollar-denominated senior notes

• Bookrunners Deutsche Bank and Goldman Sachs

• Luxembourg-based holding company with 94.7% stake in Colombia’s Banco GNP Sudameris

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

VEDANTA LTD.:

• Up to Rs. 45 billion of secured redeemable nonconvertible debentures

• Panaji, India-based natural resources company

DHANLAXMI BANK LTD.:

• Up to Rs. 1.5 billion of 11% unsecured redeemable Basel 3 compliant subdinated tier 2 bonds

• Tenor of up to 10 years

• Kerala, India-based lender

BAIDU INC.:

• Dual tranches of U.S. dollar denominated senior notes

• Bookrunners are Goldman Sachs, JPMorgan and BofA Merrill Lynch

• SEC-registered

• Proceeds to refinance existing borrowings and for general corporate purposes

• Moody’s: A3; Fitch: A

• Beijing-based web services company

KOREA WATER RESOURCES CORP.:

• U.S. dollar denominated green or water notes

• Short to intermediate duration

• Bookrunners are BNP Paribas, Citigroup, Credit Agricole CIB and Society Generale CIB

• Regulation S

• Investor meetings starting March 19

LENOVO GROUP LTD.:

• U.S. dollar denominated notes due 2023, 2028

• Minimum spread on 2023 notes is Treasuries plus 195 bps

• Final pricing set for March 22

• Bookrunners are BNP Paribas, and DBS Bank Ltd.

• Regulation S

• Proceeds to fund repurchase of 2019 and 2022 notes and working capital and general corporate purposes

• Beijing-based technology company

INSYDE SOFTWARE CORP.:

• NT$60 million of five-year bonds

• The zero-coupon bonds will be sold at par

• Proceeds will be used to meet long-term financing needs and develop new technology and products

• Taipei, Taiwan-based UEFI firmware systems management solutions company

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

UPL LTD.:

• International offering of U.S. dollar notes due 2028

• Via subsidiary UPL Corp. Ltd.

• Proceeds to refinance borrowings

• Regulation S

• Mumbai-based agricultural 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. 15 billion of unsecured nonconvertible bonds

• Maturing March 19, 2020

• 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

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

SATIN CREDITCARE NETWORK LTD.:

• Rs. 2 billion of nonconvertible debentures

• Private placement

• New Delhi-based non-banking financial company

CHINA CITIC BANK CORP. LTD.:

• Up to $1.8 billion offshore issuance of dollar-denominated notes

• A prior proposed issue was for up to $1.8 billion

• The lender is based in Beijing

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

EMERGING EUROPE & CENTRAL ASIA

On The Horizon

METINVEST BV:

• U.S. dollar-denominated notes with maturities between five and eight years

• Deutsche Bank, ING Bank NV, Natixis, and UniCredit are bookrunners

• Roadshow March 21-March 29

• Rule 144A and Regulation S

• Proceeds to fund tender of existing $1.2 billion of notes due 2021

• Donetsk, Ukraine-based holding company for Ukrainian steel and mining interests

GLOBALWORTH REAL ESTATE INVESTMENTS LTD.:

• Euro-denominated debt securities

• Deutsche Bank, JPMorgan, Morgan Stanley and UBS are joint bookrunners

• Roadshow starting March 16

• Regulation S

• Guernsey-based real estate company focused on Poland and Romania

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

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

MIDDLE EAST & AFRICA

On The Horizon

TUNISIA:

• $1 billion medium-term loans

• Roadshow to begin in late 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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