Emerging markets calendar

LATIN AMERICA

On the Horizon

CHILE:

• Offering of peso-denominated intermediate notes

• HSBC, Itau, and Scotiabank are joint bookrunners

• Roadshow meetings starting June 25

• Rule 144A and Regulation S

EMPRESAS CMPC SA:

• Offering of dollar-denominated intermediate notes

• JPMorgan, Santander and Scotiabank are joint bookrunners

• Roadshow meetings May 11-May 15

• Rule 144A and Regulation S

• Santiago, Chile-based pulp and paper company

ASIA

On the Horizon

SUNAC CHINA HOLDINGS LTD.:

• U.S. dollar-denominated senior fixed-rate notes

• Joint bookrunners are HSBC, Morgan Stanley, China CITIC Bank International, China Industrial Securities International, CMB International, Guotai Junan International, ICBC International and Nomura

• Proceeds will be used to refinance the group’s existing indebtedness

• Tianjin, China-based residential and commercial property developer

RURAL ELECTRIFICATION CORP. LTD.:

• Up to Rs. 700 billion of unsecured/secured nonconvertible bonds

• To be issued in one or more tranches by private placement

• New Delhi-based rural power project company

POHANG IRON AND STEEL CO.:

• U.S. dollar-denominated notes

• Bookrunners are BofA Merrill Lynch, BNP Paribas, HSBC and Standard Chartered Bank

• Roadshow meetings will be held in Asia, Europe and the United States beginning on July 9

• Rule 144A and Regulation S

• Pohang, South Korea steel maker

BEIJING ENTERPRISES WATER GROUP LTD.:

• Up to RMB 3 billion medium-term notes

• Proceeds to repay bank loans and for general working capital purposes

• Hong Kong-based water and environmental protection services company

MANAPPURAM FINANCE LTD.:

• Plans Rs. 1.995 billion of secured redeemable securities

• Plans to sell 1,995 of the debentures with face value of Rs. 10 lakh each

• Thrissur, India-based non-banking finance company

YUANTA FINANCIAL HOLDING CO. LTD.:

• $50 million to $100 million of notes of up to five years

• Citibank NA, London branch will act as agent

• Bonds will be priced at par with a coupon of no more than 4.4%

• Proceeds will be used to repay bank loans and improve the company’s financial structure

• Taipei, Taiwan-based financial services company

INDOSTAR CAPITAL FINANCE LTD.:

• Up to Rs. 8 billion non-convertible debentures

• Face value of Rs. 1 million and issued in one or more tranches

• To be listed on the BSE debt market segment

• Mumbai-based non-banking financial company

KARUR VYSYA LTD.:

• Considering a debt instrument

• Board meeting June 25 to consider the proposal

• Karur, India-based lender

BANK OF THE PHILIPPINE ISLANDS:

• Up to $2 billion medium-term note program

• Part of proceeds to be used to maximize flexibility in accessing funding

• Makati City, Philippines-based lender

YUNNAN WATER INVESTMENT CO. LTD.:

• Up to RMB 1 billion of mid-term notes up to five-years

• Hua Xia Bank Co. Ltd. will be the main underwriter

• Proceeds will be used for general working capital and to repay debt

• Kunming, China-based municipal water services investment holding company

BANK OF MAHARASHTRA:

• Up to RMB 5 billion of mid-term notes

• Issue of bonds or other securities and equity shares

• Pune, India-based lender

SHANGHAI FOSUN PHARMACEUTICAL (GROUP) CO. LTD.:

• Up to RMB 5 billion of mid-term notes

• Joint lead underwriters are China Citic Bank Corp. Ltd. and China Merchants Bank Co. Ltd.

• Shanghai-based pharmaceutical company

KGI BANK:

• Up to $500 million of debt of up to 30-year duration

• China Development Financial Holding Corp. is parent company

• Proceeds to support business development and enhance funding liquidity

• Taipei, Taiwan-based lender

CEBU LANDMASTERS INC.:

• Plans debt issue

• Proceeds to fund capital expenditures, including acquisitions, development and joint ventures

• Cebu, Philippines-based real estate developer

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

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 five-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

DHANLAXMI BANK LTD.:

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

• Tenor of up to 10 years

• Kerala, India-based lender

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-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

EMERGING EUROPE & CENTRAL ASIA

On the Horizon

AS LHV GROUP:

• €45 million of 10-year subordinated bonds being talked

• Non-callable for five years

• Listing on the Nasdaq Tallinn Stock Exchange

• Tallinn, Estonia-based financial company

MIDDLE EAST & AFRICA

On the Horizon

ECOBANK TRANSNATIONAL INC.:

• U.S. dollar-denominated notes

• Deutsche Bank AG, Standard Bank and Standard Chartered Bank are joint bookrunners

• Roadshow meetings in the U.K. and U.S. starting June 18

• Proceeds for general corporate purposes including refinancing

• Rule 144A and Regulation S

• Pan-African banking group with a presence in 36 African countries

AFREXIMBANK:

• Dollar five- or seven-year notes

• HSBC, Barclays, MUFG, Rand Merchant Bank and Standard Chartered Bank are bookrunners

• Roadshow meetings in Asia and Europe starting May 14

• Regulation S

• Cairo-based bank specializing in trade-related financing for Africa

ISLAMIC DEVELOPMENT BANK:

• Dollar, five- or 10-year Sukuk

• Citigroup, Credit Agricole CIB and Societe Generale CIB are bookrunners

• Roadshow meetings in Europe starting May 7

• Jeddah, Saudi Arabia-based lender

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