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Published on 6/18/2012 in the Prospect News Emerging Markets Daily.

Emerging markets calendar

June 18 Week

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

CHINA CITIC BANK CORP. LTD.: 10- and 15-year notes totaling RMB 20 billion, expected to price on June 19; 10-year talked at 4.8% to 5.05% yield, 15-year at 5% to 5 ¼%; China International Capital Corp., Citic Securities Co.; Hong Kong-based business conglomerate.

KOREA EAST-WEST POWER CO. LTD.: Possible notes; Bank of America Merrill Lynch, Citigroup, HSBC, Morgan Stanley, UBS; roadshow week of June 18; electricity generator and supplier based in Seoul, South Korea.

POLSKIE GORNICTWO NAFTOWE I GAZOWNICTWO SA (PGNIG): 2.5 billion zlotys due 2017; Bank Slaski SA, Bank Polska Kasa Opieki SA; proceeds for oil, gas and shale exploration, construction and expansion of production facilities, and other projects; Warsaw-based oil and natural gas company.

ISLAMIC DEVELOPMENT BANK: Dollar benchmark sukuk notes due 2017; Barwa Bank, BNP Paribas, CIMB, HSBC, NCB Capital, Standard Chartered; lender based in Jeddah, Saudi Arabia.

June 25 Week

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

June

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

BAGHLAN GROUP FZCO: Possible three-year dollar notes; BNP Paribas; Regulation S; roadshow upcoming; proceeds for capital expenditures and acquisition; Dubai-based oil transportation company.

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

TINKOFF CREDIT SYSTEMS (B2//B): Possible dollar-denominated deal; Regulation S; Citigroup, JPMorgan, VTB Capital; Moscow-based credit card lending institution; roadshow through May 16 in Asia and Europe.

IOI CORP.: Possible fixed income deal; Citigroup, HSBC, Mitsubishi, Morgan Stanley; Putrajaya, Malaysia-based palm oil and property company; roadshow May 14 to May 16 in Asia and Europe.

CALIK HOLDING AS: Dollar-denominated notes; Rule 144A, Regulation S; Citigroup, Deutsche Bank; Istanbul-based industrial conglomerate; roadshow in Europe and North America from May 10 to May 15.

GLOBO COMUNICACAO E PARTICIPACOES SA: $300 million 5% 10-year senior unsecured bonds; proceeds to be used for general corporate purposes; HSBC, Itau BBA; media company located in Rio de Janeiro.

TERA SOFTWARE LTD.: Up to Rs. 500 million non-convertible debentures with detachable warrants; information technology company based in Hyderabad, India.

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.

CHINA OILFIELD SERVICES LTD.: Bond issue of up to $1 billion; proceeds for general corporate purposes; Beijing-based company engaged in the exploration, development and production of oil and natural gas operations.

PETROLEOS MEXICANOS SAB DE CV (PEMEX): Possible notes; HSBC; Mexico City-based petrochemical company.

2012

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.

SINGER THAILAND PCL: Up to 750 million baht senior debentures (BBB); tenor of five years or less; Bangkok-based distributor of sewing machines and electrical household appliances.

PROPERTY PERFECT PCL: Up to 4 billion baht debentures; maturities of five years or less; subject to shareholders' approval at general meeting on April 27; proceeds to be used for working capital, acquisitions, debt repayment; Bangkok-based property developer.

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

May 28 week: PETROLEOS MEXICANOS SAB DE CV (PEMEX): Possible notes; HSBC.

Started June 7: BRAZILIAN DEVELOPMENT BANK: Non-deal roadshow; Santander.

June 11-15: PHILIPPINES: Non-deal roadshow; Citigroup, Morgan Stanley, JPMorgan, Goldman Sachs.

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

June 18 week: KOREA EAST-WEST POWER CO. LTD.: Possible notes; Bank of America Merrill Lynch, Citigroup, HSBC, Morgan Stanley, UBS.

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


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