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Published on 8/8/2014 in the Prospect News Emerging Markets Daily.

Emerging markets calendar

ASIA

Aug. 11 Week

POLARIS LTD.: Possible notes; ANZ, Standard Chartered Bank; roadshow started Aug. 6; Singapore-based investment holding company that focuses on distribution and sale of consumer electronics in Asia.

CHINA CONSTRUCTION BANK (ASIA) CORP. LTD.: Dollar notes; CCB International, Citigroup, HSBC; roadshow Aug. 7-11; Regulation S; bank based in Beijing.

Aug. 18 Week

INDONESIA: Sukuk notes; CIMB, Emirates NBD, HSBC, Standard Chartered Bank; roadshow Aug. 13-21.

September

HONG KONG: Benchmark Islamic bonds; CIMB, HSBC, National Bank of Abu Dhabi, Standard Chartered Bank; roadshow starts Sept. 1.

2014

MANILA ELECTRIC CO. (MERALCO): $250 million-$300 million notes; Pasig City, Philippines-based electrical power distributor.

On The Horizon

BANGLADESH: $1 billion notes by 2015; proceeds for infrastructure projects.

EMERGING EUROPE & CENTRAL ASIA

Aug. 11 Week

AS 4FINANCE: Dollar notes due in five years (expected ratings: B3/B/); Credit Suisse; Rule 144A/Regulation S; talked in 11 ¾% area; proceeds to refinance existing debt, including the payment of a concurrent tender offer, and for general corporate purposes; provider of short-term loans is based in Riga, Latvia.

2014

BLACK SEA TRADE AND DEVELOPMENT BANK: Euro notes; financial and development institution based in Thessaloniki, Greece.

RUSSIAN RAILWAYS: RUB 25 billion notes.

CITY OF PRAGUE: €200 million bonds.

SEKERBANK TAS: Up to $300 million of bonds; Istanbul-based lender.

PAKISTAN: $1 billion of Islamic bonds.

LATIN AMERICA

Aug. 18 Week

EMPRESAS PUBLICAS DE MEDELLIN ESP (EPM): Possible notes; BofA Merrill Lynch, HSBC, Banco Itau; roadshow Aug. 12-21; Medellin, Colombia-based public services company.

2014

BANCO BICE: Swiss franc notes; Santiago, Chile-based lender.

CONCESIONARIA MEXIQUENSE SA DE CV (CONMEX): International bonds; Mexico-based leader of financing, design and building of sections of the Mexico City Ring Road Circuito Exterior Mexiquense.

BUENOS AIRES: Up to $890 million of notes.

BANCO PENTA: Bonds; lender based in Santiago, Chile.

MIDDLE EAST & AFRICA

Aug. 11 Week

SEVEN ENERGY: $500 million notes due in seven years (/B-/B-); Deutsche Bank, Morgan Stanley, Standard Chartered Bank; Rule 144A/Regulation; non-callable for three years; change-of-control put at 101%; proceeds to redeem convertible bonds, to refinance existing debt and for general corporate purposes; energy company based in Lagos and London.

2014

NATIONAL COMMERCIAL BANK OF SAUDI ARABIA: Dollar Islamic bonds.

ELLOMAY CAPITAL: NIS 120 million 4.6% series A debentures due December 2023; proceeds to repay about €13.5 million of debt to Israel Discount Bank Ltd. and for its operations and other general corporate purposes; Tel Aviv company conducts business in energy and infrastructure sectors worldwide.

KENYA POWER: Global bonds; based in Nairobi, Kenya.

REPUBLIC OF TANZANIA: Up to $1 billion of notes; pricing expected in the second half of the year.

JORDAN: $1 billion U.S.-backed notes.

2015

ZAMBIAN ELECTRICITY SUPPLY CO. (ZESCO): As much as $500 million of bonds; power company based in Lusaka, Zambia.

KENYA COMMERCIAL BANK: At least $250 million of bonds.

Roadshows

Started Aug. 6: POLARIS LTD.: Possible notes; ANZ, Standard Chartered Bank.

Aug. 7-11: CHINA CONSTRUCTION BANK (ASIA) CORP. LTD.: Dollar notes; CCB International, Citigroup, HSBC.

Aug. 12-21: EMPRESAS PUBLICAS DE MEDELLIN ESP (EPM): Possible notes; BofA Merrill Lynch, HSBC, Banco Itau.

Aug. 13-21: INDONESIA: Sukuk notes; CIMB, Emirates NBD, HSBC, Standard Chartered Bank.

Starting Sept. 1: HONG KONG: Benchmark Islamic bonds; CIMB, HSBC, National Bank of Abu Dhabi, Standard Chartered Bank.


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