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Published on 11/8/2006 in the Prospect News Emerging Markets Daily.

Emerging markets calendar: Agrokor to sell €150 million five-year eurobonds

WEEK OF NOV. 6:

AGROKOR DD: €150 million offering of five-year eurobonds (B2/B); ABN Amro (books); UniCredit Group (Co); Regulation S; roadshow in London on Nov. 6 Zurich and Geneva on Nov. 7, Vienna on Nov. 8, TBD on Nov. 9; Croatian producer of food and beverages; price guidance set at 7¼% area.

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 indexes, financial news feeds, credit ratings, and investor relations; price guidance set at 10¼% to 10½%.

GETIN BANK SA: $100 million to $150 million offering of two-year bonds (Ba2//BB); Barclays Capital; Regulation S; price guidance at 7½% to 7 5/8%; Katowice, Poland-based bank operates in mortgage lending and is 99.2% controlled by Getin Holding SA, a company consolidating financial sector companies in Poland and in Russia.

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.

BANK SAINT-PETERSBURG OJSC: Inaugural offering of $100 million to $150 million three-year notes (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; price guidance set at 9½% to 9¾%.

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; talked at 9¼% area.

WEEK OF NOV. 14

UKRAINE: Benchmark-sized issue of dollar-denominated 10-year notes; Credit Suisse, Deutsche Bank, UBS; Rule 144A/Regulation S; roadshow in West Coast on Nov. 10, New York on Nov. 13, London on Nov. 14.

ON THE HORIZON

SHIMAO PROPERTY HOLDINGS LTD.: $500 million senior notes (Baa3/BB+) structured as fixed-rate notes or floating-rate notes due 2011 and fixed-rate notes due 2016, non-callable for five years; Morgan Stanley, Goldman Sachs & Co.; to finance the development of new projects, including the acquisition of new land bank, repay certain existing loans and finance existing projects; Shanghai-based developer; roadshow Nov. 9 in Singapore, Nov. 10 in Hong Kong, Nov. 14 in London, Nov. 15-20 in United States pricing after.

IMCOPA INTERNATIONAL SA: $100 million three-year bullet notes (/B/); ING; Regulation S; to refinance debt; family-owned company based in Parana state that produces non-genetically modified soybeans.

MARFRIG OVERSEAS LTD.: $250 million of 10-year unsecured senior notes (B1/B+); Merrill Lynch; Rule 144A/Regulation S; Sao Paolo-based beef exporter.

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.

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

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

Nov. 2-7: BANK SAINT-PETERSBURG OJSC: $100 million to $150 million three-year notes (B1/-/B); ABN Amro, Dresdner Kleinwort

Nov. 6-9: AGROKOR DD: €150 million offering of five-year eurobonds (B2/B); ABN Amro (books)

Nov. 10-14: UKRAINE: Benchmark-sized issue of dollar-denominated 10-year notes; Credit Suisse, Deutsche Bank, UBS

Nov. 9-20: SHIMAO PROPERTY HOLDINGS LTD.: $500 million senior notes (Baa3/BB+); Morgan Stanley, Goldman Sachs & Co.


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