Emerging markets calendar: TransCreditBank to sell three-year bonds

WEEK OF APRIL 30

JSC TRANSCREDITBANK: Dollar-denominated offering of three-year bonds (Ba3/BB-); ABN Amro, Standard Bank; Regulation S; initial guidance at 7¼% to 7½%; Moscow-based bank for Russian Railways.

DESARROLLADORA METROPOLITANA SA DE CV: Inaugural offering of $200 million 10-year senior notes (B2); Dresdner Kleinwort; Rule 144A/Regulation S; roadshow in Singapore on April 19, Hong Kong on April 20, London on April 23, Vienna and Frankfurt on April 24, Geneva and Zurich on April 25, New York on April 26, Boston on April 27; non-callable for five years; Mexico City-based issuer involved in home building and construction.; price guidance set at 10½% to 11%.

PETROBRAS ENERGIA SA: Up to $300 million 10-year series S notes (Baa2/BBB-); Rule 144A/Regulation S; make-whole call option; change of control put option at 101; for working capital, investment in fixed assets, refinancing debt, offer capital to associated companies; Buenos Aires-based issuer, subsidiary of Brazilian state-run oil company Petróleo Brasileiro SA; pricing middle of week.

CEMEX SA DE CV: Up to €750 million perpetual bonds (//BBB); Barclays Capital, JP Morgan; fixed-to-floating rate bonds; non-callable for 10 years; issued via special purpose vehicle C10-EUR Capital (SPV) Ltd.; Monterrey, Mexico-based issuer is a cement producer.

OJSC RUSSIAN AGRICULTURAL BANK (ROSSELKHOZBANK): Dollar-denominated offering of loan participation notes; Barclays Capital, Citigroup, JP Morgan; Rule 144A; Regulation S deal, issued via RSHB Capital SA; state-owned Moscow-based financial institution.

ROAD KING INFRASTRUCTURE LTD.: $300 million in a two-part offering of notes; JP Morgan (books); DBS Bank (co); $200 million of seven non-call four senior fixed-rate notes, $100 million of five non-call one floating-rate notes; roadshow from May 2-4; for land acquisitions, for property business; Hong Kong-based company with businesses in the investment, development, operation and management of toll roads and other infrastructure projects in China.

WEEK OF MAY 7

TRANSPORTADORA DE GAS DEL SUR (TGS): $500 million offering of 10-year amortizing notes (B1/B+); Merrill Lynch, JP Morgan; Rule 144A/Regulation S; investor presentations un Buenos Aires on April 27, London from April 30 to May 1, Boston on May 2, West Coast on May 4, New York area from May 7 to May 8; non-callable for five years; four equal amortizations commencing on the seventh anniversary; average life will be 8½ years; to refinance existing debt; Buenos Aires-based transporter of natural gas in Argentina.

ALTO PALERMO SA: Two-part offering of up to $120 million in senior unsecured notes due 2017, up to $50 million of Argentine peso-linked notes due 2012 (/raAA-/AA-(arg)); Citigroup, Standard Bank; Rule 144A/Regulation S; Buenos Aires-based developer and operator of commercial centers.; roadshow in London on April 30, Boston on May 1, West Coast on May 2, New York from May 3 to May 4; pricing expected on May 7.

JSC TEMIRBANK BV: Benchmark-sized offering of dollar-denominated seven-year notes (Baa3/B+/BB-); JP Morgan, Standard Bank plc (joint books); Rule 144A/Regulation S; roadshow in Hong Kong on April 27, Singapore on April 30, London on May 1 and 2, New York on May 3, Boston on May 4, Los Angeles on May 7; to be issued via financing subsidiary Temirbank Capital BV; full-service bank has headquarters in Almaty, Kazakhstan.

LG ELECTRONICS INC.: Dollar-denominated offering of five-year bonds (Baa3/BBB-/BBB-); Deutsche Bank, HSBC, JP Morgan, Korea Development Bank, Morgan Stanley; Regulation S; roadshow in Singapore on May 4, in Hong Kong on May 7, in London on May 8; Seoul-based electronics maker.

WEEK OF MAY 14

SADIA OVERSEAS LTD.: Dollar-denominated offering of intermediate-dated notes (Ba2/BB expected); ABN Amro; Rule 144A/Regulation S; roadshow in Hong Kong on May 7, Singapore on May 8, Zurich on May 9, London on May 10, Frankfurt on May 11, New York on May 14, Boston on May 15, Los Angeles on May 16, an open roadshow on May 17; Brazilian food processing company Sadia SA will guarantee; to refinance existing debt, finance capital expenditures.

MAY

PETROLEUM CO. OF TRINIDAD & TOBAGO LTD. (PETROTRIN): $750 million offering of 15-year amortizing notes (/BBB+/), Citigroup (books), Calyon (co-manager); to finance a large portion of estimated $800 million refinery upgrade program; state-owned oil company in Trinidad and Tobago.

JSC INTERGAS CENTRAL ASIA (ICA): Dollar-denominated bonds; ABN Amro, BNP Paribas (joint books); Rule 144A/Regulation S; issued via Intergas Finance B.V., Intergas Central Asia (Baa1/BB) will guarantee; main subsidiary of Kaztransgaz, indirectly 100% state-owned monopoly gas transmission company in Kazakhstan.

ON THE HORIZON

AMTEL VREDESTEIN NV: Euro-denominated offering of three-year fixed rate unsecured bonds; Nomura International plc; company's debut offering of eurobonds; Enschede, Netherlands-based tire manufacturer and retailer.

ISPAT INDUSTRIES LTD.: Up to $500 million in foreign currency-denominated notes for infrastructure improvements in some of the company's plants, including its hot rolled coil steel plant at Dolvi in Raigad district of Maharashtra and its pellet plant, located at

KAZTRANSOIL: Up to $1 billion in new bonds; to fund the construction of two pipelines; Kazakhstan-based state-run oil firm.

ROADSHOWS:

April 19-27: DESARROLLADORA METROPOLITANA SA DE CV: $200 million of 10-year senior notes; Dresdner Kleinwort

April 30-May 4; ALTO PALERMO SA: Two-part offering of up to $120 million in senior unsecured notes due 2017, up to $50 million of Argentine peso-linked notes due 2012; Citigroup, Standard Bank

April 27-May7: JSC TEMIRBANK BV: Benchmark-sized offering of dollar-denominated seven-year notes; JP Morgan, Standard Bank plc

April 27-May 8: TRANSPORTADORA DE GAS DEL SUR (TGS): $500 million offering of 10-year amortizing notes; Merrill Lynch, JP Morgan

May 2-4: ROAD KING INFRASTRUCTURE LTD.: $300 million in a two-part offering of notes; JP Morgan

May 4-8: LG ELECTRONICS INC.: Dollar-denominated offering of five-year bonds; Deutsche Bank, HSBC, JP Morgan, Korea Development Bank, Morgan Stanley

May 7-17: SADIA OVERSEAS LTD.: Dollar-denominated offering of intermediate-dated notes; ABN Amro

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