Emerging markets calendar: International Investment Bank to sell up to €200 million

WEEK OF JULY 9

INTERNATIONAL INVESTMENT BANK: €150 million 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.

J&F I FINANCE CO. (SWIFT & CO.): $600 million senior notes (Caa2/B-) in three tranches: $200 million fixed-rate notes due 2015, non-callable for four years, $200 million toggle notes due 2015, non-callable for four years, and $200 million floating-rate notes due 2014, non-callable for two years; JP Morgan, Credit Suisse (joint); Rule 144A with registration rights; to fund the acquisition of Swift Foods Co. by J&F Participacoes SA; roadshow started June 26; pricing expected July 10.

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

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%

ROSNEFT: Benchmark-sized issue; first from new $15 billion unsecured loan participation note program (Baa1/BB+); ABN Amro, BNP Pariabas, Calyon, Citigroup, JP Morgan, Morgan Stanley (joint books); Rule 144A/Regulation S; Moscow, Russia-based oil and energy company; roadshow to begin July 6.

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

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.

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

EDENOR: $250 million 10-year senior unsecured bonds (B2/B); 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.

GLOBAL YATIRIM: $100 million five-year loan participation notes; Deutsche Bank; Regulation S; Istanbul, Turkey-based holding company concerned with financial services, natural gas distribution, and port development.

PIVDENNYI BANK: Dollar-dominated eurobond (B-); BNP Paribas, Standard Chartered (joint books); Regulation S; Odessa, Ukraine-based commercial and investment bank.

NEO-CHINA: Dollar-dominated notes with detachable warrants (B1/B+); Bank of China, Deutsche Bank (joint books); Hong Kong-based property development and investment company.

ROADSHOWS

Started June 26: J&F I FINANCE CO. (SWIFT & CO.) $600 million; JP Morgan, Credit Suisse

Underway since July 2: TELEMOBIL SA: $125 million seven-year senior unsecured bonds; ABN Amro, Fortis Investments (joint books)

Beginning July 6: ROSNEFT: Benchmark-sized loan participation notes; ABN Amro, BNP Paribas, Calyon, Citigroup, JP Morgan, Morgan Stanley (joint books)

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