Emerging markets calendar: NACF to sell $250 million notes on Tuesday

JAN. 8 WEEK

NATIONAL AGRICULTURAL COOPERATIVE FEDERATION: $250 million floating-rate notes due 2012 (A3); JP Morgan, Daiwa Securities; Regulation S only; to price off $2.5 billion medium term notes program; umbrella organization for Korea's regional agricultural cooperatives, headquartered in Seoul; price talk Libor plus 25-27 bps; pricing Tuesday.

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 began 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+), price guidance set at Libor plus 55 to 60 basis points, fixed-rate senior notes due 2012 (expected ratings Baa2/BB+), price guidance set at mid-swaps 75 to 80 basis points; , 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), price guidance set at area of 130 basis points over mid-swaps; 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.

TRADE AND DEVELOPMENT BANK OF MONGOLIA: $150 million offering of debut senior bonds; ING; Regulation S; roadshow in Singapore from Jan. 8-9; Manila on Jan 10; Hong Kong on Jan. 11, London on Jan. 12; off the issuer's medium-term note program; commercial bank based in Ulaanbaatar, Mongolia.

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.

COSAN FINANCE LTD. (COSAN SA INDUSTRIA E COMMERCIO): $300 million senior unsecured notes due 2017 (Ba2/BB); Morgan Stanley, Credit Suisse (joint books) Deutsche Bank Securities (joint lead); Rule 144A/Regulation S; non-callable; to fund capital expenditures including co-generation projects, expand facilities and purchase equipment, also to fund possible future acquisitions, to repay debt and for general corporate purposes, including working capital; Brazilian producer and distributor of sugar, alcohol and other derivatives of sugar cane; roadshow Jan. 10 in Hong Kong, Jan. 11 in Singapore, Jan. 12 in Switzerland, Jan. 15 in London, Jan. 16-18 in the U.S., pricing thereafter.

ON THE HORIZON:

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

Jan. 8-12: TRADE AND DEVELOPMENT BANK OF MONGOLIA: $150 million senior bonds; ING

Jan. 10-18: COSAN FINANCE LTD. (COSAN SA INDUSTRIA E COMMERCIO): $300 million senior unsecured notes due 2017 (Ba2/BB); Morgan Stanley, Credit Suisse (joint books)

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