Kazakhstan, Turkey, Baidu, Suzano, Tocumen price; Naftogaz, RusHydro, Klabin plan deals

By Rebecca Melvin

New York, Nov. 9 – The emerging markets debt market saw an assortment of new issues price this past week, while a new batch announced roadshow meetings to garner investor interest for possible pricing next week.

Kazakhstan kicked off this past week with €1.05 billion of five-year and 10-year notes.

Baidu Inc. priced $1 billion of notes (A3//A) in two tranches.

Brazil’s Suzano Papel e Celulose SA priced a $500 million tap of its 7% senior notes due 2047 on Tuesday.

And the Republic of Turkey woke up emerging markets debt on Wednesday with a new €1.5 billion offering of euro-denominated 2026 notes.

Also pricing on Wednesday was Panama’s Aeropuerto Internacional de Tocumen which came with a $650 million tap of its 6% notes due 2048.

Looking ahead, Naftogaz of Ukraine announced that it plans to price dollar-denominated five-year notes.

The market also eyed Russia’s PJSC RusHydro, which selected banks and has scheduled fixed-income investor meetings about ruble-denominated loan participation notes with a three-year to five-year maturity and a possible three-year renminbi-denominated “Dim Sum” loan participation note.

In Latin America, Brazil’s Klabin SA announced that is has selected banks and scheduled fixed-income investor meetings for a dollar-denominated notes offering that will be sold via bookrunners Bank of America, Bradesco, HSBC, Itau and Morgan Stanley.

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