Emerging markets calendar

OCTOBER 18 WEEK

RUSHYDRO FINANCE LTD.: Up to 20 billion in ruble-denominated notes due 2015(expected rating: //BB+); proceeds for general corporate purposes and capital expenditures; yield talked at 8%; hydroelectricity company based in Krasnoyarsk, Russia.

ISLAMIC DEVELOPMENT BANK: $1 billion five-year sukuk offering; CIMB, Citigroup, HSBC, Standard Chartered; Regulation S; roadshow Oct. 12-20; price talk at mid-swaps plus 40 bps; proceeds to increase lending to member states coping with economic crisis; Jeddah, Saudi Arabia-based financial institution created to help economic development in 56 member countries.

BBK: Benchmark-sized issue of dollar notes due 2015; Citigroup, Deutsche Bank, HSBC; price talk set at mid-swaps plus 337.5 bps; Bahrain-based lender.

OCTOBER 25 WEEK

CORPORACION NACIONAL DEL COBRE DE CHILE (CODELCO): Planned issue of 10-year bonds totaling up to $1 billion; Deutsche Bank, HSBC; Rule 144A/Regulation S; proceeds for general corporate purposes and for copper projects; roadshow Oct. 21-27; state-owned copper company based in Santiago, Chile.

PACNET: $300 million senior secured notes due 2015 (B1//BB+); Credit Suisse, Barclays, DBS, Standard Chartered; to repay debt, fund capital expenditures and fund a dividend; roadshow started Oct. 21; submarine cable network operator based in Singapore and Hong Kong.

OCTOBER

ALROSA FINANCE SA: $1 billion notes due 2020; JPMorgan, UBS, VTB Capital; roadshow started Oct. 19; a finance subsidiary of Moscow-based Alrosa Co. Ltd., a state-owned diamond mining company.

AVANGARD GROUP: Dollar bond; JPMorgan, Troika Dialog; Regulation S; roadshow Oct. 11 week; Ukraine-based egg producer.

ARAMCO: $1 billion sukuk with France's Total; Credit Agricole, Deutsche Bank, Samba Financial; state-owned national oil company based in Dhahran, Saudi Arabia.

CORDOBA: $196 million tap of $400 million 12 3/8% bonds due 2017; province in Argentina.

OAO PROBUSINESS BANK: Subordinated 51/2-year notes; Moscow-based lender.

ABU DHABI ISLAMIC BANK: Sukuk issue of notes; Barclays Capital, HSBC, Standard Chartered; Regulation S only; lender based in Abu Dhabi, United Arab Emirates.

MOSCOW CREDIT BANK: Eurobond issue totaling about $300 million; Commerzbank, RZB, ING; roadshow started Oct. 14; Moscow-based lender.

KAZKOMMERTSBANK: Seven-year notes of up to $750 million (B//B-); JPMorgan, UBS; roadshow started Oct. 18; Almaty, Kazakhstan-based lender.

SBERBANK: Swiss franc-denominated notes; BNP Paribas, UBS; roadshow Oct. 20-22; Moscow-based lender.

NOBLE GROUP LTD.: Dollar-denominated perpetual notes: JPMorgan, RBS, Standard Chartered; proceeds for general corporate purposes; roadshow Oct. 20-21; Hong Kong-based shipping company.

TRAVELLERS INTERNATIONAL HOTEL GROUP: Senior dollar notes due 2017; Deutsche Bank, UBS; Regulation S only; roadshow started Oct. 19; Makati City, Philippines-based tourism conglomerate.

LUKOIL OAO: Benchmark dollar bonds; Royal Bank of Scotland, Barclays Capital, ING; Russia-based oil and energy company.

BANCO DE CHILE: Dollar-denominated notes; Santiago-based lender.

NEUQUEN PROVINCE: $200 million notes; proceeds for repayment of debt; province of Argentina.

TELEMAR NORTE LESTE: Up to R$1 billion in notes; shareholders vote on Oct. 20; proceeds for general corporate purposes, including repayment of short-term debt; Rio de Janeiro-based telecommunications company.

GAZPROMBANK: $400 million to $500 million add-on to 6% notes due Dec. 15, 2014; yield set at 6.1%; Barclays, JPMorgan; Regulation S only; Moscow-based joint stock bank of the gas industry and a subsidiary of Russian energy company Gazprom.

AB BANKAS SNORAS: Possible euro-denominated offering of notes; Commerzbank AG; roadshow in Europe started Sept. 13; lender based in Vilnius, Lithuania.

KOREA NATIONAL OIL: Dollar-denominated benchmark notes; Barclays, BNP Paribas, Credit Suisse, Deutsche Bank, Korea Development Bank; oil and gas company based in Anyang, South Korea.

NIGERIA: $500 million bond; Barclays, FBN Capital.

MEXICO: $1.8 billion-equivalent samurai bonds; Nomura, Misubishi UFJ, Mizuho.

ON THE HORIZON

DOHA BANK: $500 million bonds; JPMorgan, Morgan Stanley; Qatar-based lender.

HIDILI INDUSTRY INTERNATIONAL DEVELOPMENT LTD.: Senior secured bullet notes (expected ratings: B1/BB-/); Citigroup, Bank of America Merrill Lynch, UBS, JPMorgan; Rule 144A/Regulation S; proceeds for general corporate purposes, to upgrade existing production capacity in the company's network of mines and facilities in Southwestern China, for existing machinery and infrastructure, and to repay existing indebtedness; integrated coal company in Southwestern China.

RAS AL-KHAIMAH: Benchmark-sized bond; Citigroup, RBS; emirate in the United Arab Emirates.

PETRON FUEL SUCCESS: Peso-denominated bonds, payable in dollars; Philippines-based subsidiary of oil refining and marketing company Petron Corp.

INTERNATIONAL PETROLEUM INVESTMENT CO. (IPIC): Benchmark-sized bonds; Abu Dhabi-based entity that oversees foreign investment in the oil industry.

PT PERUSAHAAN LISTRIK NEGARA (PLN): Possible $1 billion 10-year notes; pricing expected in 2011; Indonesian state-owned electric company.

JORDAN: $500 million bonds due 2015; Arab Bank, Credit Suisse, HSBC, JPMorgan.

SRI LANKA TELECOM PLC: Up to $125 million in bonds; proceeds to fund expansion plans; telecommunications service provider based in Colombo, Sri Lanka.

BANCO CREDITO E INVERSIONES: $200 million five-year notes; BNP Paribas, JPMorgan; Rule 144A/Regulation S; postponed; lender based in Santiago, Chile.

KENYA ELECTRICITY GENERATING CO. LTD. (KENGEN): Planned $1 billion bond issue; proceeds to finance $4.5 billion expansion plans; power producer based in Nairobi, Kenya.

CORPORACION FINANCIERA DE DESAROLLO (COFIDE): Planned issue of $250 million bonds; lender based in San Isidro, Peru.

E-LAND FASHION CHINA HOLDINGS LTD.: $200 million senior notes due 2013 (Ba2/BB-); Morgan Stanley; to fund capital expenditures and expand network; delayed; Shanghai-based women's apparel company.

CHINA MEDICAL TECHNOLOGIES INC.: Up to $200 million senior notes due 2015 (/B+/B+); Deutsche Bank, Standard Chartered Bank; non-callable for three years; Rule 144A/Regulation S; to redeem, repay or repurchase the company's convertible notes due 2011; delayed; Beijing-based medical device and diagnostics company.

INDONESIA: Planned sukuk offering worth $650 million; Citigroup, HSBC, Standard Chartered; delayed until 2011.

TRANSCREDITBANK: Up to $400 million three-year notes; JPMorgan, BNP Paribas; pricing expected before the end of 2010; Moscow-based commercial bank and subsidiary of JSC Russian Railways.

SABIC CAPITAL: Planned offering of five-year senior notes (expected ratings A1/A+/A+); JPMorgan, HSBC, RBS; Regulation S only; talked at mid-swaps plus 175 basis points; proceeds to refinance debt; delayed; petrochemical, fertilizer and metals conglomerate 70%-owned by the Kingdom of Saudi Arabia and based in Riyadh.

ZAMBIA: Planned issue of $500 million to $1 billion bonds; proceeds for infrastructure improvements and power plant construction.

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

URUGUAY: Planned $1 billion issue of bonds, possible 20-year maturity.

ROADSHOWS

Started Sept. 13: AB BANKAS SNORAS: Possible euro-denominated offering of notes; Commerzbank AG.

Oct. 12-20: ISLAMIC DEVELOPMENT BANK: $1 billion sukuk offering; CIMB, Citigroup; HSBC, Standard Chartered.

Oct. 11 week: AVANGARD GROUP: Dollar bond; JPMorgan, Troika Dialog.

Oct. 11 week: OAO PROBUSINESS BANK: Subordinated 51/2-year notes.

Started Oct. 14: MOSCOW CREDIT BANK: Eurobond issue totaling about $300 million; Commerzbank, RZB, ING.

Started Oct. 18: CREDITO IMMOBILIARIO: Non-deal roadshow; HSBC, Heritage Capital; Mexico-based mortgage lender owned by Spain's Caja de Ahorros del Mediterraneo.

Started Oct. 18: KAZKOMMERTSBANK: Seven-year notes of up to $750 million; JPMorgan, UBS.

Started Oct. 19: TRAVELLERS INTERNATIONAL HOTEL GROUP: Senior dollar notes due 2017; Deutsche Bank, UBS.

Started Oct. 19: ALROSA FINANCE SA: $1 billion notes; JPMorgan, UBS, VTB Capital.

Started Oct. 20: ABU DHABI ISLAMIC BANK: Sukuk issue of notes; Barclays Capital, HSBC, Standard Chartered.

Oct. 20-21: NOBLE GROUP LTD.: Dollar-denominated perpetual notes; JPMorgan, RBS, Standard Chartered.

Oct. 20-22: SBERBANK: Swiss franc-denominated notes; BNP Paribas, UBS.

Oct. 21-27: CODELCO: Bond issue; Deutsche Bank, HSBC.

Oct. 25-28: LUKOIL OAO: Benchmark dollar bonds; Royal Bank of Scotland, Barclays Capital, ING.

© 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.