Emerging markets calendar: Citic Resources to sell $1 billion of debt on Monday

WEEK OF MAY 14

CITIC RESOURCES HOLDINGS LTD. (CITIC): $1 billion offering of seven-year senior unsecured notes (Ba2); Bear Stearns; Morgan Stanley; Rule 144A/Regulation S; roadshow in Hong Kong and Singapore on May 9, on the West Coast and Singapore on May 10, in New York and London on May 11, in New York and Boston on May 14; to be issued via Citic Resources Finance (2007) Ltd.; to finance Citic Resource's acquisition of 50% interests of Nations Energy Company Ltd. from its parent Citic Group and for working capital purposes. Hong Kong-listed base metals producer; pricing May 14.

SADIA OVERSEAS LTD.: Dollar-denominated offering of intermediate-dated notes (Ba2/BB expected); ABN Amro; Rule 144A/Regulation S; roadshow in Hong Kong on May 7, Singapore on May 8, Zurich on May 9, London on May 10, Frankfurt on May 11, New York on May 14, Boston on May 15, Los Angeles on May 16, an open roadshow on May 17; Brazilian food processing company Sadia SA will guarantee; to refinance existing debt, finance capital expenditures.

BANK OF BARODA: Dollar-denominated offering of 15-year upper tier II bonds next week; Deutsche Bank, Citigroup, Barclays Capital; Regulation S; investor presentations in Singapore May 14, Hong Kong on May 15, London on May 16; financial institution is based in Mumbai, India.

MAY

PETROLEUM CO. OF TRINIDAD & TOBAGO LTD. (PETROTRIN): $750 million offering of 15-year amortizing notes (/BBB+/), Citigroup (books), Calyon (co-manager); to finance a large portion of estimated $800 million refinery upgrade program; state-owned oil company in Trinidad and Tobago.

ON THE HORIZON

AMTEL VREDESTEIN NV: Euro-denominated offering of three-year fixed rate unsecured bonds; Nomura International plc; company's debut offering of eurobonds; Enschede, Netherlands-based tire manufacturer and retailer.

ISPAT INDUSTRIES LTD.: Up to $500 million in foreign currency-denominated notes for infrastructure improvements in some of the company's plants, including its hot rolled coil steel plant at Dolvi in Raigad district of Maharashtra and its pellet plant, located at

KAZTRANSOIL: Up to $1 billion in new bonds; to fund the construction of two pipelines; Kazakhstan-based state-run oil firm.

ROADSHOWS

May 7-17: SADIA OVERSEAS LTD.: Dollar-denominated intermediate-dated notes; ABN Amro

May 9-14: CITIC RESOURCES HOLDINGS LTD. (CITIC): $1 billion offering of seven-year senior unsecured notes; Bear Stearns, Morgan Stanley

May 14-16: BANK OF BARODA: Dollar-denominated offering of 15-year upper tier II bonds next week; Deutsche Bank, Citigroup, Barclays Capital

© 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.