Pemex, Formosa, Haitong print notes; FirstRand, Persero, Korea Hydro, Cinda line up deals

By Christine Van Dusen

Atlanta, April 14 – Mexico’s Petroleos Mexicanos SAB de CV, Taiwan’s Formosa Plastics Group and China’s Haitong International Securities Co. Ltd. were among the issuers to print notes on a Tuesday as Brazil outperformed and Middle Eastern bonds became more active.

Also on Tuesday, Toronto-based and Colombia-focused Pacific Rubiales saw its bonds continue to rally, a New York-based trader said.

From the Middle East, prices got a boost from the rally in rates, a London-based trader said.

This came as Dubai’s Noor Bank PJSC set a roadshow for a dollar-denominated issue of benchmark-sized Islamic bonds that would begin on Friday, a market source said.

Market sources were whispering about a possible issue dollar bonds from Industrial Bank of Korea during the first half of the year and euro-denominated notes from Poland’s PKO Bank Polski SA during the second half.

South Africa’s FirstRand Bank Ltd. will set out on Friday for a roadshow to market a dollar-denominated issue of notes, a market source said.

Indonesia’s PT Pelabuhan Indonesia II (Persero) will depart Wednesday on a roadshow to market a dollar-denominated issue of notes, a market source said.

Korea Hydro & Nuclear Power Co. will set out on Friday for a roadshow to market a possible issue of notes, a market source said.

And China Cinda Asset Management Co. Ltd. has mandated arrangers and program dealers for a $3 billion medium-term notes program, a market source said.

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