Emerging markets calendar

LATIN AMERICA

On The Horizon

GRUPO BIMBO SAB DE CV:

• U.S. dollar-denominated hybrid securities

• HSBC, BofA Merrill Lynch, JPMorgan, Citigroup and Santander are joint bookrunners

• Rule 144A and Regulation S

• Mexico City-based bakery and food company

RIOPREVIDENCIA:

• U.S. dollar-denominated 10-year notes, subject to market conditions

• BB Securities and BNP Paribas are bookrunners

• Roadshow April 6-11

• Rule 144A and Regulation S

• Rio de Janeiro public pension fund

TRANSPORTADORA DE GAS DEL SUR SA:

• Issue of notes for up to $500 million, or equivalent in other currencies

• Under its short- and medium-term notes global program for up to $700 million

• Buenos Aires-based natural gas distributor

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

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 8Ύ% perpetuals

• Barretos, Brazil-based food processor

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 JINKELONG CO. LTD.:

• Plans debt issue up to RMB 800 million of bonds

• Proceeds will be used to adjust the company’s debt structure, repay loans and supplement working capital

• Concurrent short-term debentures may be issued

• Proposed issues are subject to shareholder approved

• Beijing-based retailer and distributor of daily consumer products

AGRICULTURAL BANK OF CHINA LTD.:

• Plans debt issue up to RMB 40 billion tier 2 capital bonds

• Approved by China’s interbank bond market

• Shareholders approved up to RMB 80 billion of tier 2 capital instruments

• Beijing-based commercial bank

AIR CHINA LTD.:

• Plans to issue debt financing instruments

• Maturity up to 15 years

• Proceeds earmarked for operations, adjusting debt structure, working capital and funding capital investments

• Subject to shareholders approval

• Beijing-based airline

CHINA INTERNATIONAL CAPITAL CORP. LTD.:

• Increases planned debt issue to RMB 80 billion

• Board originally approved RMB 20 billion and later increased it to RMB 50 billion

• Regulation S

• Beijing-based financial services company

BANK OF JINZHOU CO. LTD.:

• Plans debt issue up to RMB 6 billion tier 2 capital, up to RMB 4 billion perpetual bonds

• Tier 2 paper to have maturity of up to 10 years

• Subject to shareholder approval

• Jinzhou, China-based lender

SHANGHAI DAZHONG PUBLIC UTILITIES (GROUP) CO. LTD.:

• Plans to issue up to RMB 1.5 billion of mid-term notes up to 5 year tenor

• Proceeds to support liquidity, repay bank borrowings, settle maturing credit bonds and fund projects

• Shanghai-based holding company operating in urban transport, city gas, environment and municipal business

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

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 started March 19

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

NORTHERN HORIZON CAPITAL AS:

• €30 million private placement of unsecured bonds of Baltic Horizon Fund

• Pricing expected to occur in April or May

• Proceeds for refinancing some existing bank loans

• Baltic Horizon is an Estonia-based investment fund

DEVELOPMENT BANK OF KAZAKHSTAN:

• Planning to price KZT 43.5 billion of bonds

• Almaty, Kazakhstan-based regional bank

KAZMUNAYGAS:

• Dollar benchmark of 7-, 12- and/or 30-year ntoes

• Via bookrunners Citigroup, Halyk Finance, JPMorgan, MUFG and UBS

• Roadshow beginning April 6 in U.S., Kazakhstan and Europe

• Concurrent tender of 2020, 2021, 2025 and 2043 notes

• Almaty, Kazakhstan-based state-owned oil and gas 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

MIDDLE EAST & AFRICA

Week of April 9

SAUDI ARABIA:

• Dollar benchmark of 7-, 12- and 31-year notes

• Via bookrunners Citigroup, Goldman Sachs International, GIB Capital, HSBC, Morgan Stanley, Bank of China, ICBC, JPMorgan and MUFG

• Pricing April 11

• Talked at spreads of Treasuries plus 170, 200 and 235 bps, respectively

• Rule 144A and Regulation S

FIRSTRAND BANK LTD.:

• Ten-year, non-call 5 dollar notes, minimum target is $300 million

• Joint bookrunners BNP Paribas, HSBC and JPMorgan

• Regulation S

• Roadshow meetings starting April 11

• Johannesburg-based banking and financial services company

RONESANS GAYRIMENKUL YATIRIM AS:

• Five-year dollar notes

• Joint bookrunners BNP Paribas, HSBC and JPMorgan

• Rule 144 and Regulation S

• Roadshow meetings April 10-April 16 in New York, Boston and London

• Ankara-based real estate development and investment company

QATAR:

• Triple tranche of U.S. dollar 5-, 10- and 30-year notes

• Joint bookrunners Al Khaliji, Barclays, Credit Agricole, Credit Suisse, Deutsche Bank, Mizuho, QNB Bank and Standard Chartered

• Rule 144A and Regulation S

• Roadshow meetings starting April 10 in U.S. and U.K.

OMAN TELECOMMUNICATIONS CO. SAOG:

• Dollar denominated two-tranche of five-, 10-year notes

• Citigroup and Credit Suisse are global coordinators and Bank ABC, Bank Muscat, HSBC and Standard Chartered Bank

• Rule 144 and Regulation S

• Roadshow meetings April 8-11

• Internet provider that is 51% owned by the government of Oman

SHARJAH ISLAMIC BANK:

• Five-year dollar benchmark of five-year notes

• HSBC and Standard Chartered Bank as global coordinators and Bank ABC, Dubai Islamic Bank, Emirates NBD Capital, First Abu Dhabi Bank, HSBC, Noor Bank, and Standard Chartered Bank

• Roadshow meetings in Asia and U.K. on April 5-9

• Reg. S only

• Lender headquartered in the United Arab Emirates

NOOR BANK PJSC:

• Five-year dollar benchmark of five-year notes

• Roadshow meetings starting April 6

• Reg. S only

• Lender based in Dubai

MANNAI CORP. QPSC:

• Dollar perpetual notes, non-callable for five years

• Via bookrunners BofA Merrill Lynch, Nomura and Standard Chartered

• Roadshow starting April 4 in Asia and Europe

• Rule 144A and Regulation S

• Proceeds for general corporate purposes and refinancing existing debt

• Doha, Qatar-based IT services, retail and automotive conglomerate

EGYPT:

• Launched €2 billion of due 2026, 2030

• Yield on the 8-year notes set at 4 Ύ%; 12-year notes set at 5 5/8%

• Via bookrunners Banca IMI, Deutsche Bank, BNP Paribas, Standard Chartered Bank

• Rule 144A and Regulation S

• Roadshow started April 4 in Europe

DAMAC REAL ESTATE DEVELOPMENT LTD.:

• Issuer Alpha Star Holding V Ltd.

• Dollar five- or seven-year certificate sukuk

• Via bookrunners Barclays, HSBC, Dubai Islamic Bank, Emirates NBD Capital and Kamco Investment

• Roadshow April 5-11 in Asia, UAE and U.K.

• Concurrent tender of 2019 certificates

• Dubai-based real estate development company

On The Horizon

TUNISIA:

• $1 billion medium-term loans

• Roadshow to begin in late March

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