Emerging markets calendar

FEBRUARY 8 WEEK

BANK OF BARODA: Benchmark dollar-denominated senior notes (Baa2//BBB-); Citigroup, Deutsche Bank, HSBC, Standard Chartered; full service banking company headquartered in Mumbai, India; global roadshow started Feb. 1.

SABLE INTERNATIONAL FINANCE LTD. (CABLE AND WIRELESS PLC): $500 million senior secured notes due 2017 (Ba2/BB); Barclays Capital, BNP Paribas, JP Morgan, RBS (joint), Citigroup, HSBC, Lloyds (co's); Rule 144A/Regulation S; non-callable for four years; to refinance debt and provide liquidity; Bracknell, England-based telecommunications services provider to British Virgin Islands, Cayman Islands, Panama, Macau, Maldives, Monaco, Seychelles, the Falkland Islands, St. Helena, Turks and Caicos Islands, Anguilla, Guernsey and Bermuda; roadshow Feb. 4 in Boston, Feb. 5 on US West Coast, Feb. 8 in New York.

HYUNDAI CARD CORP.: Global bonds; Barclays Capital, credit card unit of Korea-based Hyundai Motor Group; roadshow started Jan. 20.

RCS & RDS: $200 million senior unsecured notes due 2017 (B+); Citigroup; non-callable for four years; to repay bank debt, fund acquisitions, fund capital expenditures and general corporate purposes; Bucharest, Romania-based telecommunications company; Europe and U.S. roadshows during Feb. 8 week; pricing expected late Feb. 8 week.

SONGA OFFSHORE SE: $200 million senior notes due 2017; Citigroup; Rule 144A/Regulation S; to refinance debt and for general corporate purposes; drilling contractor, based in Limassol, Cyprus; roadshow started Jan. 27; pricing Feb. 8 week; talked at 10¼% area.

UNITED GULF BANK BSC (Baa3): Non-deal roadshow ahead of possible dollar-denominated global bond offering; Calyon Securities, Standard Chartered Bank; Regulation S; Bahrain-based company is 95% owned by Kuwait Projects Co. (Kipco); investor meetings in Middle East, Europe and Asia began Feb. 3.

VANGUARDA DO BRASIL SA: $200 million senior notes due 2015 (B3/B-/B-); Morgan Stanley; to refinance short-term debt and to reduce accounts payable; Rio de Janeiro, Brazil-based producer of soybeans and cotton; roadshow started Jan. 25 in Asia.

VNESHECONOMBANK (VEB): Eurobonds; Barclays, Citigroup, HSBC, Societe Generale, ING, Troika Dialog and VTB Capital; Moscow-based Bank for Development and Foreign Economic Affairs.

FEBRUARY

CITY OF BUENOS AIRES (B2/B-/B): Non-deal roadshow in Europe and United States for possible dollar-denominated bonds; Credit Suisse; started Jan. 29 in Europe, Feb. 1 in United States.

STAR ENERGY GEOTHERMAL (WAYANG WINDU) LTD.: Benchmark dollar-denominated notes due 2015 (B2); Barclays Capital, Standard Chartered Bank, Nomura; to refinance bank debt, fund an interest reserve account for the bond, with any excess proceeds to partially fund developmental cost related to the proposed Unit 3 expansion; Indonesian geothermal energy company; international roadshow started Jan. 27, includes Asia, Europe and United States; pricing subject to market conditions.

ON THE HORIZON

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

RUSSIAN FEDERATION: Eurobonds; Barclays Capital, Citigroup, Credit Suisse, VTB Capital.

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

Started Jan. 20: HYUNDAI CARD CORP.: Global bonds; Barclays Capital

Started Jan. 25: VANGUARDA DO BRASIL SA: $200 million senior notes due 2015; Morgan Stanley

Started Jan. 29: CITY OF BUENOS AIRES: Non-deal roadshow in Europe and United States for possible dollar-denominated bonds; Credit Suisse

Started Feb. 1: BANK OF BARODA: Benchmark dollar-denominated senior notes; Citigroup, Deutsche Bank, HSBC, Standard Chartered

From Feb. 3: UNITED GULF BANK BSC: Non-deal roadshow ahead of possible dollar-denominated global bond offering; Calyon Securities, Standard Chartered Bank

Feb. 8 week: RCS & RDS: $200 million senior unsecured notes due 2017; Citigroup

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