Emerging markets calendar: Lupatech to sell $200 million perpetual bonds

WEEK OF JULY 2

CHINA GLASS HOLDINGS LTD.: $100 million five-year senior fixed-rate notes due 2012 (B1/B+); Standard Chartered; Regulation S; to refinance debt, general corporate purposes; Hong Kong-based maker of glass and glass products; may price July 3; guidance mid to high 9% range.

INTERNATIONAL INVESTMENT BANK: €150 to €200 million (expected) bond issue; Moscow-based corporate and retail bank; roadshow June 13 in Hong Kong, June 14 in Singapore, June 18 in Europe; price guidance set at 9% area.

HIDROELECTRICA PIEDRA DEL AGUILA: $200 million 10-year notes (B); Merrill Lynch; amortizes beginning 2014; Buenos Aires, Argentina-based utility and power company; marketing through July 3.

JSCB BANK OF MOSCOW: Debut offering of euro-denominated five-year notes (A3//BBB expected); Deutsche Bank, JP Morgan; Regulation S; roadshow in Amsterdam on June 25, Paris on June 26, Milan on June 27; Moscow-based full-service commercial bank

LUPATECH FINANCE: $200 million offering of perpetual bonds (Ba3/BB-); talk 10% area; Citigroup, Merrill Lynch (books); Santander Investment (lead manager); Rule 144A/Regulation S; proceeds for fund growth strategy and corporate purposes; roadshow in Singapore in June 25, Hong Kong on June 26, Switzerland on June 27, London on June 28, New York on June 29; Caixas do Sul, Brazil-based manufacturer Lupatech SA and its subsidiaries will guarantee; non-callable for five years; to fund growth, general corporate purposes.

PRIORBANK: Two-year fixed-rate notes; Raiffeisenzentralbank, VTB Group (joint books); Minsk, Belarus-based commercial and investment bank; roadshow was schedule the week of June 18.

TRANSCAPITALBANK: $100 million 10-year subordinated lower tier II notes (B2); noncallable for five years; ABN AMRO, Credit Suisse; Regulation S; Moscow-based commercial bank; roadshow June 28 in London, June 29 in Switzerland.

OJSC KUZBASSRAZREZUGOL: Dollar-dominated three-year notes; initial guidance 9¼%; Moscow, Russia-based mining company.

JULY

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.

PERU: $2.5 billion in 30-year bonds; domestic and international markets; proceeds partial payment of Paris Club debt.

GRUPO FINANCIERO MIFEL SA: $120 million offering of perpetual bonds; Deutsche Bank; Rule 144A/Regulation S; non-callable for five years; Mexico City-based bank; pricing expected at end of June.

SPEKTR GROUP: $100 million 3-year credit-linked notes to yield 9¾% to 10½% callable in 1½ to 2 years; MDM; St. Petersburg, Russia-based health and beauty product retailer.

CITY OF KIEV: €300 million 10-year notes; Citigroup, Deutsche Bank, UBS (joint books); expected to price in June; talked at 7.2%-7.5%

SWIFT & CO./FRIBOI: $600 million notes due 2017, expected in two tranches; backed by bridge financing from Banco do Brasil, Citigroup, Santander, Rothschild, UBS; to help finance acquisition of Swift by J&F Participacoes SA, the 77% owner of JBS SA, parent of Sao Paulo, Brazil-based beef exporter Friboi; expected July business.

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.

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

STANDARD BANK OF SOUTH AFRICA: Dollar-dominated tier II issue; Johannesburg-based commercial and investment bank.

VIETNAM BANK FOR INVESTMENT AND DEVELOPMENT: VND$ 5 trillion ($300 million equivalent) five-year notes; Hanoi, Vietnam-based state-run commercial bank.

GOVERNMENT OF LITHUANIA: Benchmark-sized euro-dominated bond; Societe General, UBS (joint books).

ABSA BANK: €500 million issue, off euro MTN program; Johannesburg, South Africa-based commercial and investment bank.

CREDIT BANK OF MOSCOW: 2 billion ruble senior unsecured local-currency issue (A1); putable after 18 months; Moscow-based commercial and investment bank.

BANCO DE CREDITO DEL PERU: $500 million notes backed by remittances from overseas workers; Standard Chartered.

PKN ORLEN: €1 billion of senior unsecured notes (Baa3); Plock, Poland-based refining and petrochemical company.

TELEMOBIL SA: $125 million seven-year senior unsecured bonds (B3/B-); Balotesti, Romania-based telecommunications company.

OBLAST OF SAMARA: 5 billion ruble five-year fixed coupon senior unsecured notes (Aa1.ru).

EDENOR: $250 million 10-year senior unsecured bonds (B2); proceeds to refinance existing debt; Buenos Aires, Argentina-based energy distribution company.

AZGARD-9: $200 to $260 million senior unsecured notes (B+); Citigroup; proceeds to refinance a large portion of corporate debt; Iskanderabad, Pakistan-based fabrics exporter and fertilizer manufacturer.

ROADSHOWS

Underway since July 2: TELEMOBIL SA: $125 million seven-year senior unsecured bonds (B3/B-); ABN AMRO, Fortis Investments

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