Emerging markets calendar: Bank TuranAlem to sell notes in two parts

JAN. 10 WEEK

JSC BANK TURANALEM: Dual tranche offering of dollar-denominated notes (Baa1/BB/BB+); Credit Suisse; JP Morgan; Rule 144A/Regulation S; two tranches of two-year floating rate notes and 30-year notes; 30-year notes will carry a put option of 10 years; roadshow will begin on, Jan. 5 in Los Angeles, Boston on Jan. 8, New York on Jan. 9. London on Jan. 10; via TuranAlem Finance BV; second largest commercial bank in Kazakhstan with headquarters in Almaty.

ICICI BANK: Benchmark-sized dollar-denominated three-tranche notes offer: floating-rate senior notes due 2010 (expected ratings Baa2/BB+), fixed-rate senior notes due 2012 (expected ratings Baa2/BB+), upper tier 2 subordinated notes due 2022, non-callable for 10 years with 100 bps coupon step-up if not called (ratings to be determined); Citigroup, Deutsche Bank Securities, Merrill Lynch & Co.; Rule 144A/Regulation S; Mumbai, India-based commercial bank; simultaneous Asia, Europe and U.S. roadshows Jan. 5-8, pricing afterwards.

JAN. 15 WEEK:

GP INVESTMENTS, LTD.: $150 million perpetual notes (B+); Credit Suisse; Rule 144A/Regulation S; non-callable for five years; secured by first priority pledge representing 100% of GP Private Equity issued and outstanding shares; issuer to fund an 18-month interest reserve; Brazilian private equity firm based in São Paulo; roadshow starts Jan. 10 in Singapore; Jan. 11 in Hong Kong, Jan. 12 in London, Jan. 15 in Switzerland; pricing Jan. 15 week.

MINERVA OVERSEAS LTD.: $150 million unsecured unsubordinated notes due 2017 (/B/B+); Credit Suisse (books); Rule 144A/Regulation S; non-callable for life; to refinance short-term debt and for general corporate purposes; financing subsidiary of Brazilian beef exporter Industria e Comercio de Carnes Minerva Ltda,; roadshow Jan. 10 in Hong Kong, Jan. 11 in Singapore, Jan. 12 in Switzerland, Jan. 15 in London, Jan. 16 in New York, Jan. 17 in Boston and Philadelphia, Jan. 18 on U.S. West Coast; pricing Jan. 15 week.

JSC BANK CENTERCREDIT: Dollar-denominated offering of eurobonds; ING; JP Morgan (joint books); Rule 144A/Regulation S; Asian and European roadshows on Jan. 10 in Hong Kong, Singapore on Jan. 11, Zurich on Jan. 12, London on Jan. 13; U.S. leg on Jan. 10 in Los Angeles, Jan. 11 in Boston, Jan. 12 in New York; Kazakhstan commercial bank.

ON THE HORIZON:

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.

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:

Jan. 5-8: ICICI BANK Benchmark-sized dollar-denominated three-tranche notes offer; Merrill Lynch

Jan. 5-10: JSC BANK TURANALEM: Dual tranche offering of dollar-denominated notes; Credit Suisse; JP Morgan

Jan. 10-15: GP INVESTMENTS, LTD.: $150 million perpetual notes; Credit Suisse

Jan. 10-18: MINERVA OVERSEAS LTD.: $150 million unsecured unsubordinated notes due 2017; Credit Suisse

Jan. 12-15: JSC BANK CENTERCREDIT: Dollar-denominated offering of eurobonds; ING; JP Morgan

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