Emerging markets calendar

June 25 Week

JSC DEVELOPMENT BANK OF KAZAKHSTAN: Sukuk notes; JSC Halyk Finance, HSBC, RBS; roadshow started June 12; lender based in Astana, Kazakhstan.

BAHRAIN: $1.25 billion in bonds due in between seven and 10 years (//BBB); Standard Chartered, JPMorgan, Gulf International Bank, Citigroup; Rule 144A/Regulation S; roadshow started June 20; talked at mid-swaps plus 462.5 bps.

BULGARIA: €950 million notes; BNP Paribas, HSBC, Raiffeisen Bank; roadshow June 25-28; Regulation S.

VNESHECONOMBANK: Dollar benchmark notes due 2022; Renminbi notes worth about $500 million and due in no less than five years; Moscow-based lender.

JSC GEORGIAN RAILWAY: Possible dollar 10-year bonds; railway operator based in Tbilisi, Georgia.

UKRAINE: Up to $2.5 billion of bonds; JPMorgan, Morgan Stanley, VTB.

BOLIVIA: Up to $500 million notes; Bank of America Merrill Lynch, Goldman Sachs; proceeds to boost industrial production, including production of lithium for batteries in electronic devices.

July 2 Week

MAJID AL-FUTTAIM: Possible dollar notes; JPMorgan, National Bank of Abu Dhabi, Barclays Capital, Standard Chartered, UBS; roadshow started June 26; Dubai-based property developer.

TEMIR ZHOLY FINANCE BV: Eurobonds; JSC Kazkommerts Securities; roadshow started June 25; Astana, Kazakhstan-based railway operator.

YIEH PHUI ENTERPRISE CO. LTD.: Possible renminbi notes; BNP Paribas; roadshow upcoming; Taiwan-based steel producer.

AVIC INTERNATIONAL HOLDINGS: Renminbi notes; China-based investment company that focuses on textiles.

2012

CHEUNG KONG HOLDINGS: Hong Kong dollar-denominated perpetual notes; Hong Kong-based development conglomerate.

CLP POWER HONG KONG FINANCING LTD.: $3.5 billion medium-term note program; HSBC; guaranteed by CLP Power Hong Kong Ltd.

CHAOWEI POWER HOLDINGS: Renminbi-denominated bonds; Nomura International plc; plans to use proceeds for expansion of production capabilities; Changcing County, Zhejiang Province, China-based motive battery manufacturer operating in electric bike market in China.

ECUADOR: Bonds.

CEAGRO AGRICOLA LTDA.: Bonds; importer and exporter of grains and other agricultural products, based in Campinas, Brazil.

ISRAEL: $1 billion to $1.5 billion of notes

REPUBLIC OF LEBANON: $2 billion bonds in 2012; Deutsche Bank, Fransa Bank, Standard Chartered.

BANK OF CEYLON: $500 million notes; Sri Lanka-based lender.

ENERGA: €1 billion bonds; energy company based in Gdansk, Poland.

LALIN PROPERTY PCL: Up to 2 billion baht debentures; maturities of 10 years or less; Bangkok-based property developer.

On The Horizon

JSC BANK OF GEORGIA (Ba3/BB-/BB-): Possible dollar-denominated offering; Regulation S, Rule 144A; Bank of America Merrill Lynch, Credit Suisse, JPMorgan; Tbilisi, Georgia-based bank; roadshow in Europe and United States May 17 to May 22.

ESKOM HOLDINGS SOC LTD.: Eurobonds in 2013; electricity company based in Johannesburg, South Africa.

FAR EASTERN NEW CENTURY CO. LTD.: Up to NT$12 billion of corporate bonds; will be issued at par; maturity up to five years; proceeds to repay short-term bank loans and strengthen company's financial structure; Taipei, Taiwan-based textile company.

ASYA KATILIM BANKASI AS: $300 million five-year notes; lender based in Istanbul, Turkey.

QATAR INTERNATIONAL ISLAMIC BANK (QIIB): Dollar five-year sukuk notes; Qatar National Bank, HSBC, Standard Chartered; Qatar-based lender.

BANCO PICHINCHA: $100 million bonds; lender based in Quito, Ecuador.

GAIL INDIA LTD.: $300 million notes; state-owned natural gas processing and distribution company based in New Delhi.

CATHAY PACIFIC AIRWAYS LTD.: Dollar notes; HSBC; airline based in Hong Kong.

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

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.

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

Roadshows

Started June 12: JSC DEVELOPMENT BANK OF KAZAKHSTAN: Sukuk notes; JSC Halyk Finance, HSBC, RBS.

Started June 20: BAHRAIN: $1.25 billion in bonds due in between seven and 10 years (//BBB); Standard Chartered, JPMorgan, Gulf International Bank, Citigroup.

June 25-28: BULGARIA: €950 notes; BNP Paribas, HSBC, Raiffeisen Bank.

Started June 25: TEMIR ZHOLY FINANCE BV: Eurobonds; JSC Kazkommerts Securities.

Started June 26: MAJID AL-FUTTAIM: Possible dollar notes; JPMorgan, National Bank of Abu Dhabi, Barclays Capital, Standard Chartered, UBS.

Upcoming: YIEH PHUI ENTERPRISE CO. LTD.: Possible renminbi notes; BNP Paribas.

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