Emerging markets calendar

LATIN AMERICA

July 3 Week

PAMPA ENERGIA SA:

• Up to $500 million of Argentine-peso-denominated, five-year notes

• Proceeds of the notes (provisional B3/B) will be used to finance capital expenditures

• Bookrunners include Bank of America Merrill Lynch and Citigroup

• Rule 144A/Regulation S

• Buenos Aires-based energy company (electricity, oil and gas)

On the Horizon

CENCOSUD SA:

• Will offer new notes soon as part of tender offer of $750 million of its 5.5% senior notes due 2021 and its $1.2 billion issue of 4.875% senior notes due 2023

• Expected to price the new notes via J.P. Morgan and BofA Merrill Lynch

• Santiago, Chile-based retail company

CABLEVISION SA:

• Plans $50 million of class B fixed notes

• To be issued under the company’s $1 billion global notes program

• Argentine cable television company subsidiary

2017

LA RIOJA:

• $200 million notes

• UBS, Puente Hnos SA

• Province in Argentina.

GRUPO LOS GROBO:

• Dollar notes

• Buenos Aires-based agribusiness.

COSTA RICA:

• $1 billion of 30-year notes

• Deutsche Bank, HSBC.

COLOMBIA:

• Euro notes

• BBVA, Goldman Sachs, JPMorgan

• Securities and Exchange Commission registered

• Includes a make-whole call

• Proceeds for general budgetary purposes

ASIA

July 3 week

LEGEND HOLDINGS CORP.:

• Plans to issue up to RMB 2.5 billion of corporate bonds (RMB 1 billion base deal and RMB 1.5 billion over-allotment option)

• To be issued at par with a fixed coupon of 4½% to 5½%

• Pricing seen between July 5-7

• China Galaxy Securities Co. Ltd. is the lead underwriter

• Proceeds will be used to repay interest-bearing debt

• United Ratings Co. has assigned a AAA rating to the first tranche

• Beijing-based investment holding company

July 10 Week

CHINA NATIONAL CHEMICAL CORP.:

• Dollar-denominated senior bonds (expected: /BBB/A-)

• Roadshow July 5 to July 11 in Asia and Europe

• Will be issued through CNAC (HK) Finbridge Co. Ltd

• Proceeds to refinance the company’s existing debt and for general corporate purposes

• State-owned chemical company based in Beijing

On the Horizon

LONGFOR PROPERTIES CO. LTD.:

• International offering of notes

• Goldman Sachs, Haitong International and Morgan Stanley are the joint global coordinators

• Bank of China (Hong Kong) and HSBC are joint bookrunners and lead mangers

• Regulation S

• Proceeds to refinance existing debt

• Beijing investment holding company

21VIANET GROUP INC.:

• Dollar-denominated senior notes following a roadshow to begin July 6

• Barclays and Credit Suisse will act as joint bookrunners

• Regulation S

• Proceeds to refinance outstanding debt, to fund capital needs and for general corporate purposes

• Beijing-based carrier-neutral internet data center services provider

MAHINDRA & MAHINDRA LTD.:

• Up to Rs. 200 billion of unsecured subordinated redeemable debentures due in seven, 10 and 15 years

• Over-allotment option for another Rs. 175 billion

• Maturities in seven years, 10 years and 15 years

• 7 Ύ% coupon for the seven year notes, 7.9% coupon for the 10-year notes and 7.95% for the 15 year notes

CHINA GALAXY SECURITIES CO., LTD.:

• Plans to issue RMB 500 million of renewable corporate bonds in two tranches

• Over-allotment option for RMB 2.8 billion

• China Merchants Securities Co., Ltd., BOC International (China) Ltd., Citic Securities Co., Ltd., Haitong Securities Co., Ltd. and GF Securities Co., Ltd. are lead underwriters

• Tranche 1 will be three-year paper with a 4½%-5½% coupon

• Tranche 2 will be five-year paper with a 4.6%-5.6% coupon

• Proceeds will be used to repay bank borrowings and to replenish working capital

• Beijing-based engineering and construction company

METALLURGICAL CORP. OF CHINA LTD:

• RMB 3 billion of three-year corporate bonds, plus an over-allotment option for RMB 2 billion

• To be sold at par at a 4% to 5% coupon

• Industrial Securities Co. is lead underwriter

• Proceeds to replenish working capital

• Beijing-based brokerage

ABOITIZ POWER CORP.:

• Plans public offerings for up to PHP 30 billion of fixed-rate bonds in tranches

• Power generation company and subsidiary of Aboitiz Equity Ventures Inc. based in Taguig City, Philippines

DIGITAL CHINA HOLDINGS LTD.:

• Plans to issue up to RMB 1.3 billion of corporate bonds in multiple tranches

• The first tranche will be completed with 12 months, and the remaining tranches are seen being completed within 24 months.

• The Hong Kong-based foreign brand information technology products company is a spinoff from Legend Group

AXIS BANK LTD.:

• Plans to issue up to Rs. 35 billion of series 28 unsecured subordinated perpetual debentures

• Additional tier 1, Basel 3 compliant notes would be issued with a face value of Rs. 1 million each

• Mumbai-based bank

AYALA CORP.:

• Board of directors approved up to PHP 30 billion of debt securities at its meeting on June 23

• Securities will be sold in one or more tranches through public offerings under a three-year shelf registration with the Philippine Securities and Exchange Commission

• Makati City, Philippines-based conglomerate

CHINA HUARONG ASSET MANAGEMENT CO., LTD.:

• Proposing to issue up to RMB 20 billion of offshore preference shares

• Preference shares will be sold at or above par

• Proposed issuance is subject to shareholders’ approval at an upcoming meeting

• State-owned asset manager is based in Beijing

ASTRO MALAYSIA HOLDINGS BHD.:

• Up to RM 3 billion medium-term notes

• To be issued through Measat Broadcast Network Systems Sdn. Bhd.

• CIMB Investment Bank Bhd. and RHB Investment Bank Bhd. are joint lead arrangers

• Proceeds to finance licensing costs, purchase equipment, for capital expenditures and refinance any maturing MTNs

• Kuala Lumpur, Malaysia-based satellite television and radio operator

TECHTRONIC INDUSTRIES CO. LTD.:

• Launched up to $500 million medium-term notes

• Citigroup and HSBC are joint arrangers and dealers

• To be distributed under Regulation S

• Program to be listed on the Stock Exchange of Hong Kong Ltd.

• Hong Kong-based electrical and electronic products manufacturing and trading company

HON HAI PRECISION INDUSTRY CO., LTD.:

• Plans to issue up to NT$27 billion of unsecured corporate bonds at par in one or more tranches

• Proceeds will be used to repay debt and for working capital

• Tu-cheng, Taiwan, manufacturer of computer connectors, cable assemblies and enclosures

FAR EASTONE TELECOMMUNICATIONS CO., LTD.:

• Plans to issue up to NT$5 billion of corporate bonds with maturities of up to seven years

• Fixed-rate bonds will be sold at par in one or more public offerings

• Proceeds will be used to repay debt

• Taipei, Taiwan-based telephone company

EUROPE/CENTRAL ASIA

July 3 Week

LIETUVOS ENERGIJA UAB.:

• Will offer a €200 million senior green bond with a maturity of between seven and 10 years

• BNP Paribas and SEB were mandated to organize a roadshow that began on June 29

• Regulation S

• Vilnius, Latvia-based state-owned utility distributor, generator and supplier

AFRICA/MIDDLE EAST

July 3 Week

NOSTRUM OIL & GAS PLC:

• Began a roadshow on July 3 for a dollar-denominated benchmark medium-term note offering (B2)

• Investor meetings will be held in Europe and the United States

• Citibank and VTB Capital will act as joint global coordinators and bookrunners, Banca IMI and Deutsche Bank will also act as joint bookrunners

• Rule 144A and Regulation S

• Uralsk, Kazakhstan-based oil and gas exploration and production company

July 10 Week

STEINHOFF INTERNATIONAL HOLDINGS NV:

• Benchmark euro-denominated senior bond with a maturity between six and nine years

• Roadshow begins July 10

• BNP Paribas, Crιdit Agricole CIB and HSBC will act as global coordinators and joint bookrunners

• Regulation S

• Will be issued through the company’s subsidiary, Steinhoff Europe AG

• Proceeds from the issuance will be used to refinance existing debt and for other general corporate purposes

• Stellenbosch, South Africa-based furniture and household goods retail chain operating in Europe, Africa and Australia

LIQUID TELECOMMUNICATIONS HOLDINGS LTD.:

• $600 million of five-year senior secured bonds (expected: Ba3//B+)

• Citibank, Standard Chartered and Standard Bank are joint lead managers and bookrunners

• Rule 144A and Regulation S deal

• Bonds are non-callable for three years

• Proceeds to refinance existing debt and for other general corporate purposes

• Subsidiary of Econet Wireless International Ltd., a Johannesburg, South Africa-based telecommunications company

On the Horizon

PARTNER COMMUNICATIONS CO. LTD.:

• Planning up to NIS 300 million bond

• Maalot S&P affirmed an ilA+ rating for the new bond

• Subject to board approval and the approval of the Tel Aviv Stock Exchange

• Rosh Ha’ayin, Israel mobile communications operator

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