Emerging markets calendar: Desarrollos Urbanos to price $250 million

JANUARY 11 WEEK

BANCO VOTORANTIM SA: Planned benchmark-sized dollar-denominated tier two subordinated notes; Deutsche Bank, Bank of America Merrill Lynch, Banco do Brasil, Banco Itau; for general corporate purposes; could price week of Jan. 11; Sao Paulo-based financial services company.

DESARROLLOS URBANOS, SAB DE CV: $250 million senior guaranteed notes due 2020 (Ba3/-/BB); Deutsche Bank Securities, Santander; Rule 144A/Regulation S; non-callable for five years; to repay debt; Mexico City-based property company; pricing Tuesday.

INDIAN OIL CORP. LTD. (Baa3//BBB-): Dollar-denominated notes; Deutsche Bank, HSBC, Standard Chartered Bank; Regulation S; roadshow Singapore on Jan 11, Hong Kong on Jan 12, London on Jan 13; pricing after that, subject to market conditions.

JANUARY

BANCO INDUSTRIAL E COMMERCIAL SA (BICBANCO): Three-year bonds; Bank of America Merrill Lynch, HSBC, Banco Itau; roadshow began Jan. 7; Sao Paulo-based lender.

EVERGRANDE REAL ESTATE GROUP LTD. (B1 expected/BB expected/BB+): Dollar-denominated senior notes; Bank of America Merrill Lynch, Goldman Sachs & Co. (Asia), BOC International (joint books); Rule 144A/Regulation S; to repay structured secured loan, finance existing and new property projects, and for general corporate purposes; real estate group headquartered in Guangzhou, China; global roadshow starts Jan. 13.

ON THE HORIZON

INDONESIA: Expected $4 billion offering of 10- and 30-year bonds; Barclays Capital, Citigroup, Credit Suisse; timing and structure to be determined.

LATVIA: Planned euro-denominated offering of notes; Citigroup, Credit Suisse

DOMINICAN REPUBLIC: Expected benchmark dollar-denominated sovereign global bonds; Barclays Capital, Citigroup; timing and structure to be determined.

GULF INVESTMENT BANK: Expected dollar-denominated bonds or sukuk offering; Barclays Capital, GIB Financial, HSBC, UBS; timing and structure to be determined.

ROMANIA: Benchmark-sized euro-denominated bonds; Deutsche Bank, EFG Eurobank, HSBC

SLOVENIA: Euro-denominated benchmark-sized bond (Aa2/AA/AA); HSBC, RBS, Societe Generale, UniCredit Banka Slovenija (joint books)

LOCAL CURRENCY

JSC POLYMETAL: RUB 5 billion of three-year bonds; Saint Petersburg, Russia-based mining company.

REGIONAL CONTAINER LINES PCL: 5 billion baht five-year unsecured unsubordinated debentures; Bangkok-based shipping company.

YANG MING MARINE TRANSPORT CORP.: Up to NT$5 billion secured straight bond; refinance bond due 2011; Taiwan-based shipping company.

ROADSHOWS

Began Jan. 7: BANCO INDUSTRIAL E COMMERCIAL SA: Three-year bonds; Bank of America Merrill Lynch

Jan. 11-12: URBI DESARROLLOS URBANOS SAB DE CV: $250 million bonds; Deutsche Bank, Banco Santander

Jan. 11-13: INDIAN OIL CORP. LTD.: Dollar-denominated notes; Deutsche Bank, HSBC, Standard Chartered Bank

From Jan. 13: EVERGRANDE REAL ESTATE GROUP LTD.: Dollar-denominated senior notes; Bank of America Merrill Lynch, Goldman Sachs & Co. (Asia), BOC International

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.