Emerging markets calendar: Shimao, Kookmin, MHP to price

WEEK OF NOV. 20:

KAZKOMMERTS INTERNATIONAL BV (JSC KAZKOMMERTSBANK): Benchmark dollar-denominated guaranteed senior notes due 2016 (Baa1/BB+/BB+); Credit Suisse; ING; Rule 144A/Regulation S; price talk 7¾% area; roadshow continues in London on Monday; pricing Nov. 20 week.

KOOKMIN BANK: Dollar-denominated floating-rate notes due 2011; BNP Paribas, Citigroup, Goldman Sachs & Co.; HSBC (joint); financial institution is based in Seoul; price talk Libor plus 25-26 bps; pricing expected Tuesday.

OJSC MYRONIVSKY HLIBOPRODUCT (MHP): Dollar-denominated five-year senior notes (B2), size to be determined; Morgan Stanley; Rule 144A/Regulation S; Ukrainian poultry producer; price talk 10¼% to 10½%; pricing Wednesday.

RUSSIAN STANDARD FINANCE SA (CJSC RUSSIAN STANDARD BANK): Dollar-denominated fixed-rate loan participation notes due 2016 (expected ratings Ba3/B-); Citigroup, ING; Regulation S; non-callable in five years, if not called, coupon steps up by 150 basis points; Moscow-based consumer finance institution; price talk 9½% to 9¾%; pricing expected Nov. 20 week.

SHIMAO PROPERTY HOLDINGS LTD.: $500 million senior notes (Baa3/BB+) in two parts: five-year fixed-rate notes, price talk Libor plus 195-200 bps (revised from 200-225 bps), and 10-year fixed-rate notes, price talk 8% (revised from 8¼% area); 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; expected to price Tuesday.

WEEK OF NOV. 27:

VTB24 CAPITAL PLC (core subsidiary of Vneshtorgbank): Dollar-denominated loan participation notes with expected maturity of three years (A2/BBB+/BBB+); Citigroup, Deutsche Bank, JP Morgan (joint); roadshow starts Thursday in Hong Kong, Friday in Singapore, Nov. 27 in Europe.

WEEK OF DEC. 4:

BANK PETROCOMMERCE: Dollar-denominated three-year senior notes (Ba3/B+); ING, Merrill Lynch & Co. (joint); Regulation S-only; Russian financial institution; roadshow Nov. 27 in Singapore, Nov. 28 in Manila, Nov. 29 in Hong Kong, Nov. 30 in London, Dec. 1 in Zurich and Geneva, Dec. 4 in Frankfurt and Vienna.

ON THE HORIZON

CLARENDON ALUMINA PRODUCTION LTD. (CAP): $200 million of 15-year senior unsecured notes (Ba2/B+); Rule 144/Regulation S; average life of 10 years; state-owned alumina producer; government of Jamaica will guarantee.

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).

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

Nov. 15-20: JSC KAZKOMMERTSBANK: Dollar-denominated offering of 10-year bonds (Baa2/BB+/BB+); Credit Suisse; ING

Nov. 23 onwards: VTB24 CAPITAL PLC (core subsidiary of VNESHTORGBANK): Dollar-denominated loan participation notes with expected maturity of three years (A2/BBB+/BBB+); Citigroup, Deutsche Bank, JP Morgan

Nov. 27- Dec. 4: BANK PETROCOMMERCE: Dollar-denominated three-year senior notes (Ba3/B+); ING, Merrill Lynch & Co.

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