Emerging markets calendar

WEEK OF APRIL 17:

GETIN BANK SA: €150 million to €200 million offering of two-year eurobonds (Ba2); Barclays Capital; senior unsecured bonds; price talk at three-month Euribor plus 220 to 240 basis points; Katowice, Poland- based mortgage lender.

TURANALEM FINANCE BV (JSC BANK TURANALEM): Dollar-denominated benchmark-sized offering of seven-year bonds (Baa2/BB/BB+); ING, JP Morgan; Rule 144A/Regulation S; Bank TuranAlem will guarantee; off euro medium-term note program; second-largest commercial bank in Kazakhstan with headquarters in Almaty; price guidance 8% area.

METROFINANCIERA SA DE CV (BB-): $100 million perpetual notes (B-); Dresdner Kleinwort Wasserstein; Rule 144A/Regulation S; callable in whole but not in part in 2016 and every interest payment date afterwards; if not called coupon resets to floating rate of three-month Libor plus 1.5-times spread over 10-year mid-swap rate as of pricing; Mexican mortgage and construction lender; price guidance 11¼% area.

IMPERIAL MOBILITY FINANCE BV (IMPERIAL HOLDINGS LTD.): €300 million eurobonds with seven- to 10-year maturity (Baa1); ABN Amro, Barclays Capital; inaugural eurobond issue; for general corporate purposes including recently announced acquisitions and the reduction of short-term debt; diversified South African holding company, headquartered in Johannesburg; roadshow began March 27 week in Europe.

GBP FINANCE PLC (GAZPROMBANK): $1 billion euro commercial paper; UBS; Regulation S; Gazprombank is the joint-stock bank of the Russian gas industry, with corporate headquarters in Moscow.

BANCO HIPOTECARIO SA: $250 million offering of 10-year bullet bonds (/B/); Deutsche Bank, Citigroup; Rule 144A/Regulation S; roadshow started April 4 in Hong Kong, April 5 in Singapore, April 6 in London, April 7 in Switzerland, April 10 in New York, April 11 in New York and Boston; senior unsecured bonds; Buenos Aires-based mortgage lender.

ALB FINANCE BV (JSC ALLIANCE BANK OF KAZAKHSTAN): Two-part dollar denominated offering; Credit Suisse, UBS; both issues Regulation S; $100 million to $150 million perpetual notes (B1); price talk at 9 3/8% to 9 5/8%; non-callable for 10 years; if not called, coupon steps up; second issuance is dollar denominated offering five- to seven-year senior notes (Ba2/BB-), tranche size to be determined; issuer is a Netherlands-based special purpose vehicle of JSC Alliance Bank of Kazakhstan; roadshow started April 4 in Hong Kong, April 5 in Singapore, April 6 in Germany and Austria, April 7 in Switzerland, April 10 in London.

WEEK OF APRIL 24:

ABU DHABI COMMERCIAL BANK (Aa3/A): Dollar-denominated benchmark-sized offering of 10-year floating rate notes; Deutsche Bank; Regulation S; subordinated lower tier 2 notes; non-callable for five years; coupon step-up; roadshow starts in Singapore on April 20, Hong Kong on April 21, Frankfurt on April 24, London on April 25; local bank, headquartered in the United Arab Emirates.

SIDERURGIA DEL TURBIO SA $100 million offering of senior unsecured notes (//B+); Deutsche Bank; Rule 144A/Regulation S; roadshow in Hong Kong on April 18, Singapore on April 19, London on April 20, Zurich on April 21, New York on April 25, Boston and Connecticut area on April 26; via Sidetur Finance BV; to refinance debt.

APRIL:

BRASKEM SA: $200 million in perpetual bonds; JP Morgan; senior unsecured debt; callable at par for five-years in whole or in part with a minimum $100 million remaining after call; for general corporate purposes, including working capital and for financing the acquisition of certain common and preferred shares of Politeno Indústria e Comércio SA; Sao Paolo, Brazil, privately owned petrochemical company.

EMERGING MARKET OFFERINGS ON THE HORIZON:

TMB BANK PUBLIC BANK LTD.: Dollar-denominated bond offering (issuer ratings Baa2/BBB-); Barclays Capital; hybrid tier I bonds; state-controlled bank in Thailand.

PETROL AD (Bulgaria): €125 million fixed-rate global bonds due 2011; former state-owned monopoly fuel retailer, owns approximately 450 filling stations in Bulgaria, headquartered in Sofia; pending shareholder approval at meeting set for May 8.

NURBANK JSC: $200 million eurobonds; also $200 million of syndicated loans; Almaty, Kazakhstan financial institution.

SWIRE PACIFIC MTN FINANCING LTD. (SWIRE PACIFIC LTD.): HK$1.8 billion notes due 2013 (A3); HSBC; for general corporate funding requirements; Hong Kong-listed Swire Pacific has property, aviation, beverages, marine services and trading and industrial interests.

BAOSHAN IRON AND STEEL CO. LTD. (BAOSTEEL): Dollar-denominated offshore bond (issuer rating BBB+); Morgan Stanley; Shanghai-based steel company.

COMPANIA DE TRANSPORTE DE ENERGIA ELECTRICA (TRANSENER): $350 million of bonds; Buenos Aires-based electric company.

PT ENERGI MEGA PERSADA TBK: $500 million in bonds; to finance expansion and to repay debt; Jakarta-based oil and gas company.

PT INTERNATIONAL NICKEL INDONESIA: $300 million global bonds with five-year to 10-year maturity; Morgan Stanley, JP Morgan; to fund capital expenditures and general corporate purposes; Jakarta, Indonesia-based nickel mining and smelting company.

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

LAND BANK OF THE PHILIPPINES: Up to $200 million of five- to seven-year international bonds; Deutsche Bank Securities; Philippines fourth largest lender.

MOBILE TELECOMMUNICATIONS CO.: May issue bonds for its $3.36 billion acquisition of mobile phone businesses in Africa; telecommunications company in Kuwait.

TÜRKIYE VAKIFLAR BANKASI TAO (VAKIFBANK): Dollar-denominated senior unsecured bonds (Baa2 expected); ABN Amro, Citigroup, JP Morgan; Rule 144A/Regulation S; through the issuer's Cayman Islands special-purpose vehicle; political risk insurance; letter of credit from ABN Amro

TATFONDBANK: $50 million two-year credit-linked senior unsecured notes (issuer rating B3); Trust Investment Bank; Regulation S; one-year put option at par; regional bank related to the government of the Tatarstan republic.

PT BANK MANDIRI: $300 million global bonds maturing in three to five years; Credit Suisse; off medium-term note program; to refinance debt; Indonesian state-owned lender, based in Jakarta.

ROADSHOWS:

Started March 27: IMPERIAL MOBILITY FINANCE BV (IMPERIAL HOLDINGS LTD.): €300 million eurobonds with seven- to 10-year maturity (Baa1); ABN Amro, Barclays Capital

March 30-31: METROFINANCIERA: $100 million perpetual notes (expected B-); Dresdner Kleinwort Wasserstein

April 4-10: ALB FINANCE BV (JSC ALLIANCE BANK OF KAZAKHSTAN) Dollar-denominated two part offering: five-year to seven-year senior notes (Ba2/BB) and $150 million tier I perpetual notes; Credit Suisse, UBS

April 4-11: BANCO HIPOTECARIO SA: $250 million offering of 10-year bullet bonds (/B/); Deutsche Bank, Citigroup

April 10- 11: JSC BANK TURANALEM: Dollar-denominated benchmark-sized offering of seven-year bonds (Baa2/BB/BB+); ING, JP Morgan

April 24-25: ABU DHABI COMMERCIAL BANK (Aa3/A0: Dollar-denominated benchmark-sized offering of 10-year floating rate notes; Deutsche Bank

April 18-25: SIDERURGIA DEL TURBIO SA: $100 million offering of senior unsecured notes (//B+); Deutsche Bank

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