Emerging markets calendar

AUG. 29 WEEK

TARJETA NARANJA SA: $100 million add-on to 9% senior notes due 2017 (//B); Bank of America Merrill Lynch, Deutsche Bank Securities Inc.; credit card issuer based in Cordoba, Argentina; original $200 million issue priced at par on Jan. 25, 2011; expected to price early in Aug. 29 week.

EARLY SEPTEMBER

MEXICO: Possible Samurai bonds; Citigroup, Mitsubishi, Nomura; non-deal roadshow in Japan during Aug. 22 week.

POLSKIE GORNICTWO NAFTOWE i GAZOWNICTO SA (PGNiG): Up to €1.2 billion fixed-rate or floating-rate notes with maturities of up to 10 years (Baa1); SG CIB, BNP Paribas, Unicredit; for general liquidity purposes; natural gas company based in Warsaw; notes program announced on Aug. 25.

GOLD FIELDS LTD.: Rule 144A and Regulation S bond offering could follow investor meetings set to begin on Sept. 6, via Bank of America Merrill Lynch, Barclays Capital and JPMorgan; Johannesburg, South Africa-based gold producer.

CARIBBEAN FINANCIAL GROUP HOLDINGS LP: Notes; JPMorgan; roadshow started Aug. 5; Rule 144A/Regulation S; consumer finance company based in Puerto Rico.

TURKIYE VAKIFLAR BANKASI TAO (VAKIFBANK): Dollar bond; Barclays Capital, Goldman Sachs, JPMorgan, Standard Chartered Bank; Rule 144A/Regulation S; roadshow July 20-27; lender based in Istanbul, Turkey.

ALLAHABAD BANK: Up to $500 million in notes; HSBC, JPMorgan, RBS, Standard Chartered; lender based in Kolkata, India.

USINA VISTA ALEGRE: $150 million to $200 million seven-year notes (/B-/B-); BTG Pactual; Rule 144A/Regulation S; non-callable for four years; talked at 11% area; sugarcane grower and sugar and ethanol producer based in Sao Paulo.

INDIAN RAILWAY FINANCE CORP. LTD.: Dollar-denominated, fixed-rate notes (Baa3); Bank of America Merrill Lynch, Citigroup, Deutsche Bank, JPMorgan; Regulation S; roadshow started Aug. 5; dedicated financing arm of the Ministry of Railways, based in New Delhi, India.

INDUSTRIAL SUBORDINATED TRUST: 10-year notes (expected ratings: Ba2//BB-); Bank of America Merrill Lynch; Rule 144A/Regulation S; proceeds will be used to repay subordinated debt, to strengthen the regulatory capital base and for general corporate purposes; guaranteed by Banco Industrial SA, a lender based in Guatemala City, Guatemala.

DENIZBANK AS: Benchmark bonds (expected ratings: Ba1//BBB-); Bank of America Merrill Lynch, Citigroup, HSBC, JPMorgan; Rule 144A/Regulation S; roadshow June 15-20; lender based in Istanbul, Turkey.

STATE OIL CO. OF AZERBAIJAN (SOCAR): $500 million notes; state-owned oil and gas company based in Baku, Azerbaijan.

VNESHECONOMBANK: Notes due in 10 years or more; BNP Paribas, JPMorgan, Morgan Stanley, RBS; roadshow started July 4; Moscow-based Bank for Development and Foreign Affairs.

DEVELOPMENT BANK OF KAZAKHSTAN: $800 million notes; Astana, Kazakhstan-based lender.

PETROLEO BRASILIERO SA (PETROBRAS): Euro and sterling notes; Citigroup, HSBC, RBS, Standard Chartered; energy company based in Rio de Janeiro.

CHINA HONGQIAO GROUP LTD.: Dollar-denominated or renminbi-denominated senior notes (/BB-/); JPMorgan, Barclays Capital, Deutsche Bank (joint); Rule 144A and Regulation S; to expand its electricity production facilities to about 2,400 MW of total installed capacity; aluminum product manufacturer based in Zouping County, China; global roadshow began on or near July 12; pricing pending market conditions.

INDUSTRIAL DEVELOPMENT BANK OF INDIA LTD. (IDBI BANK): CHF 175 million notes; possible $250 million seven-year notes; BNP Paribas, Credit Suisse, UBS; lender based in Mumbai, India.

SEPTEMBER

ANGOLA: $500 million notes.

REPUBLIC OF KAZAKHSTAN: Dollar sukuk notes.

EMPRESAS PUBLICAS DE MEDELLIN (EPM): Notes; public utility service based in Medellin, Colombia.

OCTOBER

POLSKIE GORNICTWO NAFTOWE I GAZOWNICTOW (PGNIG): €500 million bonds; BNP Paribas, Societe Generale, Unicredit; Poland-based natural gas company.

2011

AL HILAL BANK: $500 million notes due 2016; proceeds to diversify funding and support growth; Abu Dhabi-based lender.

QATAR NATIONAL BANK: Up to $7.5 billion in notes; Barclays Capital, HSBC, QNB Capital; proceeds to fund corporate operations; lender based in Qatar.

CAIXA ECONOMICA FEDERAL: Possible notes; finance company based in Brasilia, Brazil.

TRANSMISSORA DO ATLANTICO DE ENERGIA ELECTRICA: R$1.3 billion bonds; electric company based in Brazil.

EMPRESA DE ENERGIA DE BOGOTA SA ESP: Dollar-denominated bonds; Deutsche Bank, Santander; energy and fuel company based in Bogota, Colombia.

BANACOL GROUP: Possible notes totaling $200 million to $300 million; Citigroup; Medellin, Colombia-based fruit company.

REPUBLIC OF GUATEMALA: Up to $500 million in notes: Rule 144A/Regulation S.

YAPI VE KREDI BANKASI AS: Up to $1.25 billion in notes; private bank based in Istanbul, Turkey.

PT ANEKA TAMBANG: Possible dollar- or rupiah-denominated notes; mining and metals company based in Jakarta, Indonesia.

REPUBLIC OF THE PHILIPPINES: $500 million bonds.

SERBIA: $1 billion bonds.

SAUDI ELECTRICITY CO.: $1 billion to $1.5 billion sukuk notes; Saudi Arabia-based power generator and distributor.

QATAR ISLAMIC BANK: $1 billion sukuk notes with tenor of more than five years; lender based in Doha, Qatar.

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

THAILAND: Inflation-linked baht-denominated notes; HSBC; roadshow expected in Asia and Europe.

CZECH REPUBLIC: Euro benchmark notes; Barclays Capital, Erste Group, Societe Generale, Unicredit.

GENNOMA LAB INTERNACIONAL SAB DE CV: Possible dollar notes; Mexico City-based pharmaceutical company.

TEMASEK HOLDINGS: Possible notes; DBS, Deutsche Bank, Morgan Stanley, UBS; Singapore-based investment company.

GAZPROMBANK: Possible notes; Mitsubishi UFJ Securities; lender based in Moscow.

2012

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

ON THE HORIZON

BANCO DAVIVIENDA SA: Up to $350 million in notes; lender based in Bogota, Colombia.

HANA BANK: $500 million notes; Seoul, South Korea-based lender.

HALK BANKASI (HALKBANK): Up to $2 billion in bonds; lender based in Ankara, Turkey.

EGYPT: $1 billion notes due 2016.

KB KOOKMIN BANK: Possible notes; BNP Paribas, JPMorgan, ING, RBS, UBS; roadshow started May 30; lender based in Seoul, South Korea.

RHB BANK BHD.: $300 million to $500 million senior notes; Bank of America Merrill Lynch, Goldman Sachs; Kuala Lumpur-based lender.

GLOBAL BIO-CHEM TECHNOLOGY GROUP CO. LTD.: Bonds; HSBC; Regulation S; proceeds for repayment of existing debt; Hong Kong-based manufacturer and seller of corn-related products.

COSTA RICA: Possible notes.

CHINA CITIC BANK CORP. LTD.: Up to ¥30 billion by end of 2013; HSBC, UBS; Hong Kong-based business conglomerate.

PROVINCE OF BUENOS AIRES: $500 million bonds.

GLOBAL DAIRY HOLDINGS LTD.: Renminbi notes; Bank of America Merrill Lynch, Macquarie Group; proceeds for general corporate purposes and to finance company's vertical integration plan; milk and milk products manufacturer and marketer based in Hong Kong.

ZAMBIA: Dollar notes.

VIETNAM BANK FOR INDUSTRY AND TRADE (VIETINBANK): $500 million to $1 billion notes; Barclays, Credit Suisse, Goldman Sachs, JPMorgan; issuance likely in 2011.

TECHNIKABANK OJSC: Dollar notes (//B-); Commerzbank AG, HSBC; change-of-control put if three main shareholders cease to own more than 50% of company; Azerbaijan-based lender.

SLOVAK REPUBLIC: Tap of bonds due Feb. 24, 2016; KBC Group, Erste Group, Intesa Sanpaolo Group.

REPUBLIC OF KENYA: Notes; issuance likely by June 2013.

OAO ASB BELARUSBANK: Dollar-denominated bond of up to $500 million.

AL BARAKA BANKING GROUP: Up to $500 million sukuk issue of five-year notes; Bahrain-based Islamic lender.

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

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

UNITED GULF BANK: Bonds; Standard Chartered; Bahrain-based lender and subsidiary of Kuwait-based Kipco.

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

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.

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.

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 July 4: VNESHECONOMBANK: Notes with maturity of 10 years or more; BNP Paribas, JPMorgan, Morgan Stanley, RBS.

Started July 12: CHINA HONGQIAO GROUP LTD. Dollar-denominated or renminbi-denominated notes; JPMorgan, Barclays Capital, Deutsche Bank.

July 20-27: TURKIYE VAKIFLAR BANKASI TAO (VAKIFBANK): Dollar bond; Barclays Capital, Goldman Sachs, JPMorgan, Standard Chartered Bank.

Started Aug. 5: INDIAN RAILWAY FINANCE CORP. LTD.: Dollar-denominated fixed-rate notes; Bank of America Merrill Lynch, Citigroup, Deutsche Bank, JPMorgan.

Started Aug. 5: CARIBBEAN FINANCIAL GROUP HOLDINGS LP: Notes; JPMorgan.

Upcoming: TEMASEK HOLDINGS: Possible notes; DBS, Deutsche Bank, Morgan Stanley, UBS.

Upcoming: GAZPROMBANK: Possible notes; UFJ Mitsubishi Securities.

© 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.