Emerging markets calendar: Banco de Credito del Peru to sell $120 million

WEEK OF OCT. 30:

BANCO DE CREDITO DEL PERU: $120 million issue of 15-year subordinated tier II notes (Ba2//BB+), Citigroup; roadshow in the West Coast on Oct. 25, Boston and New Jersey on Oct. 26, New York on Oct. 27, London on Oct. 30; callable in 2016 at par, if not called the coupon steps up to the new issue spread versus swaps plus 100 basis points; turns into a floating-rate note; for regulatory capital, general corporate purposes; Lima, Peru, financial company.

GREENTOWN CHINA HOLDINGS LTD.: Dollar-denominated high-yield bonds; JP Morgan, UBS; mainline China property developer; roadshow expected to start early Oct. 30 week.

PAKISTAN MOBILE COMMUNICATIONS LTD.: $250 million senior unsecured notes with expected five-year maturity (ratings to be determined); ABN Amro, Deutsche Bank; Rule 144A/Regulation S; to come with make-whole call and equity clawback; Pakistan telecommunications company; roadshow continues Monday in London, Tuesday-Thursday in the United States.

XINHUA FINANCE LTD.: $100 million offering of five-year senior unsecured notes (B2/B+); ABN Amro; Regulation S; make-whole call; equity clawback provision; roadshow in Singapore on Oct. 30, Hong Kong on Oct. 31, London on Nov. 1; issuer's principal activity is the provision of China-specific indices, financial news feeds, credit ratings, and investor relations.

BANK SAINT-PETERSBURG OJSC: Inaugural offering of dollar-denominated bonds (B1/-/B); ABN Amro, Dresdner Kleinwort; Regulation S; roadshow in Singapore on Nov. 2, Hong Kong Nov. 3, Geneva and Zurich on Nov. 6, London on Nov. 7. Germany on Nov. 8; private bank in the St. Petersburg area, focuses on commercial banking operations.

JSC ASTANA FINANCE OF KAZAKHSTAN: Dollar-denominated offering of five-year eurobonds (Ba1//BB+); JP Morgan; Regulation S; roadshow in Seoul on, Nov. 1, Hong Kong on Nov. 2, Singapore on Nov. 3; London on Nov. 6, Copenhagen on Nov. 7, Frankfurt and Munich on Nov. 8; financial institution with headquarters in Astana, Kazakhstan.

BANCO SCHAHIN SA: Dollar-denominated notes due 2016 (expected B2); Dresdner Kleinwort; Rule 144A/Regulation S; non-callable for five years; Brazilian commercial bank headquartered in Sao Paolo; presently in the market.

ON THE HORIZON

BANK KHRESCHATYK: Dollar-denominated loan participation notes due 2009 (B2//B); Deutsche Bank; initial price guidance 9%; special-purpose vehicle of Ukraine's Bank Khreschatyk, financial institution headquartered in Kiev (postponed on Sept. 21).

FOSUN INTERNATIONAL LTD.: $500 million global bonds due 2013; Deutsche Bank, Citigroup; Shanghai, China, company with operations in the steel, real estate and pharmaceutical sectors.

INVESTCORP BANK (Baa2/BBB): Dollar-denominated tier I perpetual preferred notes (expected ratings Ba1/BB+); BNP Paribas, Credit Suisse, Deutsche Bank (joint lead managers); Regulation S-only; non-callable for 10 years; will contain coupon step-up; financial institution based in Manama, Bahrain; price talk 10-year mid-swaps plus 350 bps (9.05% area); roadshow concluded June 7; timing to be determined.

STATE OF ISRAEL: Dollar-denominated bonds, amount and maturity to be determined; Deutsche Bank Securities, Morgan Stanley (joint); non-callable; to be listed on Luxembourg Stock Exchange.

PT INDOFOOD SUKSES MAKMUR: $250 million to $300 million bonds; to refinance company's bonds due 2007; world's largest instant noodle maker; based in Jakarta, Indonesia.

ROADSHOWS

Oct 25-30: BANCO DE CREDITO DEL PERU: $120 million issue of 15-year subordinated tier II notes (Ba2//BB+), Citigroup

Oct. 26-Nov.2: PAKISTAN MOBILE COMMUNICATIONS LTD.: $250 million offering of senior unsecured bonds; ABN Amro, Deutsche Bank

Oct. 30-Nov.1: XINHUA FINANCE LTD: $100 million offering of five-year senior unsecured notes (B2/B+); ABN Amro

Nov. 1-7: JSC ASTANA FINANCE OF KAZAKHSTAN: Dollar-denominated offering of five-year eurobonds (Ba1//BB+); JP Morgan

Nov. 2-7: BANK SAINT-PETERSBURG OJSC: Inaugural offering of dollar-denominated bonds (B1/-/B); ABN Amro, Dresdner Kleinwort

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