Emerging markets calendar

APRIL 26 WEEK

MOROCCO: Planned euro-denominated benchmark-sized issue of global bonds; Barclays, HSBC, Natixis; roadshow set for late April.

ALBANIA: Planned euro-denominated bonds; total could be €350 million; JPMorgan, Deutsche Bank.

FIBRIA OVERSEAS FINANCE LTD: Planned dollar-denominated benchmark issue of notes due 2020 (expected ratings Ba1/BB/BB); Bank of America Merrill Lynch, Santander; Rule 144A/Regulation S; could total $500 million, upsizable to $750 million; proceeds for general corporate purposes; conference calls in Europe on April 23; roadshow April 26-29; Sao Paulo-based paper and pulp company.

PT BAKRIE TELECOM TBK.: $250 million guaranteed senior notes due 2015; Credit Suisse (global coordinator), Bank of America Merrill Lynch, Credit Suisse, Morgan Stanley (joint books); Rule 144A/Regulation S; Jakarta, Indonesia-based telecommunications company; global roadshow started April 22.

ESSAR STEEL HOLDINGS LTD. and GALLOP HOLDINGS LLC: Benchmark dollar-denominated senior unsecured notes due 2017 (B2/B); UBS Investment Bank, Bank of America Merrill Lynch, Deutsche Bank Securities, Standard Chartered Bank (joint); Rule 144A/Regulation S for life; non-callable for four years; to refinance existing debt, to fund capital expenditures and acquisitions and for general corporate purposes; vertically integrated global steel producer based in Mumbai, India; roadshow April 12-22.

APRIL

DOMINICAN REPUBLIC: Expected benchmark dollar-denominated sovereign global bonds; Barclays Capital, Citigroup; timing and structure to be determined; roadshow starts April 23.

TERPHANE, INC.: $90 million secured notes due 2017; PrinceRidge Group (sole); Rule 144A for life; non-callable for four years; to repay Libor plus 970 bps secured notes and 12% secured notes; polyester films manufacturer based in Bloomfield, N.Y., and Sao Paulo; roadshow started March 15.

VNESHECONOMBANK (VEB): Dollar bonds due 2011; Renaissance Capital, Raiffeisenbank; talked at six-month Libor plus 100 bps; Moscow-based Bank for Development and Foreign Economic Affairs.

ON THE HORIZON

BRASKEM FINANCE LTD.: Planned 10-year dollar-denominated benchmark-sized offering of notes (expected Ba1/BB+/BB+); Bradesco BBI, HSBC, Santander; launch subject to market conditions and following roadshow in Europe and the United States; Cayman Islands-based subsidiary of Braskem, a petrochemical company based in Sao Paulo.

GLORIOUS PROPERTY HOLDINGS LTD.: Dollar-denominated global bonds (expected ratings B1/B+); Deutsche Bank Securities, JPMorgan, Standard Chartered Bank; Hong Kong-based mainland China property developer; roadshow started April 15.

UKREXIMBANK: Planned five-year bond; state-run import-export bank based in Kiev, Ukraine.

INDEPENDENCIA ALIMENTOS SA: $150 million senior secured notes due 2015; beef producer based in Sao Paulo.

REPUBLIC OF HUNGARY (Baa1/BBB-/BBB): Benchmark global notes due 2020; Citigroup, Deutsche Bank; SEC registered.

MEXICO: Planned 4% inflation-linked bonds due Nov. 15, 2040; Banamex, HSBC, ING, Bank of America Merrill Lynch.

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

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

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

ROADSHOWS

Started March 15: TERPHANE, INC.: $90 million secured notes due 2017; PrinceRidge Group.

April 12-22: ESSAR STEEL HOLDINGS LTD. and GALLOP HOLDINGS LLC: Benchmark dollar-denominated senior unsecured notes due 2017; UBS Investment Bank, Bank of America Merrill Lynch, Deutsche Bank Securities, Standard Chartered Bank.

Started April 15: GLORIOUS PROPERTY HOLDINGS LTD.: Dollar-denominated global bonds; Deutsche Bank Securities, JPMorgan, Standard Chartered Bank.

April 15-23: KOREA WATER RESOURCES CORP (A2/A/): Non-deal roadshow; Standard Chartered Bank, BNP Paribas, Daewoo Securities, Deutsche Bank, Goldman Sachs, Morgan Stanley.

Starting April 22: PT BAKRIE TELECOM TBK.: $250 million guaranteed senior notes due 2015; Credit Suisse (global coordinator), Bank of America Merrill Lynch, Credit Suisse, Morgan Stanley (joint books).

Starting April 23: DOMINICAN REPUBLIC: Expected benchmark dollar-denominated sovereign global bonds; Barclays Capital, Citigroup.

April 26-29: FIBRIA OVERSEAS FINANCE LTD: Planned dollar-denominated benchmark issue of notes due 2020; Bank of America Merrill Lynch, Santander.

Late April: MOROCCO: Planned euro-denominated benchmark-sized issue of global bonds; Barclays, HSBC, Natixis.

Late April: ALBANIA: Planned euro-denominated bonds; total could be €350 million; JPMorgan, Deutsche Bank.

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