Emerging Markets Calendar

AFRICA AND THE MIDDLE EAST

OCP SA:

• Benchmark offering of U.S. dollar-denominated senior bonds due in 10 and 30 years

• Barclays, BNP Paribas and JPMorgan

• Proceeds will be used to refinance part of the notes maturing in 2024 and 2025, to finance the capital expenditures program and for general corporate purposes

• Rule 144A and Regulation S

• State-run phosphate company that is based in Casablanca, Morocco

SAUDI ARABIAN OIL CO. (ARAMCO):

• SA Global Sukuk Ltd. is issuer

• Three-part offering of U.S. dollar-denominated Islamic notes

• Structuring agents are First Abu Dhabi, HSBC and Standard Chartered Bank

• Saudi Arabian state-owned oil company

EMERGING EUROPE AND CENTRAL ASIA

GTC AURORA LUXEMBOURG SA:

• Guaranteed by Globe Trade Centre SA

• €500 million bond

JSC GEORGIAN RAILWAY:

• Green notes

• To fund a tender offer for its $500 million of 7¾% notes due 2022

• June 10

• Sole operator of railways in Georgia

LATIN AMERICA AND THE CARIBBEAN

AZUL INVESTMENTS LLP:

• Guaranteed by Azul SA

• $600 million senior notes due in five to seven years to be issued

• Proceeds will be used for general corporate purposes, including strengthening liquidity and prepaying operational and financial liabilities

BANCO INVEX, SA FIDEICOMISO:

• $115 million of senior unsecured certificados bursatiles fiduciaries

• Proceeds will be used to amortize debt and other general corporate purposes

BUENOS AIRES:

• Dollar amortizing step-up bonds due 2032 up to a maximum amount of $2.34 billion, euro-denominated amortizing step-up bonds due 2032 up to a maximum of €540 million, dollar amortizing step-up bonds due 2040, euro-denominated amortizing step-up bonds due 2040, dollar-denominated interest-only securities and euro-denominated interest-only securities

• BofA Securities, Inc. and Citigroup Global Markets Inc.

• Offered in exchange for outstanding 2006 and 2015 indenture bonds

ELEKTRA NORESTE, SA:

• Senior unsecured issuance of up to $100 million

• Proceeds to refinance its $100 million notes maturing next month

GRUPO AXO, SAPI DE CV:

• Up to $325 million senior unsecured global bond

• Proceeds to refinance local notes and bank debt

INVERSIONES LATIN AMERICA POWER LTDA.:

• $404 million senior secured notes due in 2033

• Rule 144A and Regulation S

• Proceeds will be used to refinance debt related to the development capital of the two wind projects in Chile, and to pay for transaction fees, expenses and general purposes of the projects

LIGHT SERVICOS DE ELETRICIDADE SA/LIGHT ENERGIA SA:

• Planned $400 million and $200 million senior unsecured eurobonds due 2026

• Proceeds will be used to redeem the notes due 2023 with the remainder, if any, used for general corporate purposes

NIQUAN ENERGY TRINIDAD LTD.:

• $175 million of senior secured fixed-rate notes due 2031

• Revenues generated from an offtake agreement between NiQuan and Petroleum Co. of Trinidad and Tobago will back the notes

SIERRACOL ENERGY ANDINA LLC:

• Fully guaranteed by SierraCol Energy Ltd.

• $500 million senior notes due 2028

STONECO LTD.:

• Guaranteed by Stone Pagamentos SA

• Proceeds will be used for general corporate purposes

• Independent card processor in Brazil

ASIA

ASIAN DEVELOPMENT BANK:

• £250 million tap of ¾% notes due December 2027

• Barclays, Deutsche Bank AG and RBC

• Development bank is based in Manila

ASIAN DEVELOPMENT BANK:

• Euro-denominated 10-year notes

• Credit Agricole CIB, Deutsche Bank, Goldman Sachs International and HSBC

• Regulation S

BOCOM LEASING MANAGEMENT HONG KONG CO. LTD.:

• Dollar-denominated notes

• Proceeds to refinance its debt and invest in its leasing business

CHINA EVERBRIGHT BANK HONG KONG BRANCH:

• China Everbright Bank Co. Ltd.

• Long-term senior unsecured notes

• Proceeds will be used primarily to support the Hong Kong Branch's general funding needs

CHONGQING NAN'AN URBAN CONSTRUCTION & DEVELOPMENT (GROUP) CO. LTD.:

• Dollar-denominated senior unsecured notes

• Proceeds to repay offshore debt

EASY BUY PCL:

• Senior unsecured bonds

• Tenor of up to three years

EMPIRE RESORTS, INC.:

• $475 million of five-year senior secured notes

• Guidance of yield of 8% to 8¼%

• BNP Paribas, Citigroup and DBS Bank

• Rule 144A and Regulation S

PT GAJAH TUNGGAL TBK.:

• At least $175 million senior secured notes due 2026

• Proceeds to refinance its $250 million of senior secured notes maturing in August 2022

GANSU PROVINCIAL HIGHWAY AVIATION TOURISM INVESTMENT GROUP CO. LTD.:

• Dollar-denominated senior unsecured notes

• Proceeds to refinance debt

GOLDEN WHEEL TIANDI HOLDINGS CO. LTD.:

• Dollar-denominated notes

• Proceeds to refinance its offshore debt

GUOREN PROPERTY AND CASUALTY INSURANCE CO., LTD.:

• Dollar- and yuan-denominated unsecured senior notes

• Proceeds will be used for general corporate purposes

HANHUI INTERNATIONAL LTD.:

• Shandong Guohui Investment Co., Ltd.

• Senior unsecured notes

HUAYUAN PROPERTY CO., LTD.:

• Dollar-denominated notes (B2)

• Proceeds to refinance debt

• Beijing real estate business

HYUNDAI CAPITAL CANADA INC.:

• Proposed offering of senior unsecured notes due 2026

• Proceeds are expected to be used for general corporate purposes

PT INDOFOOD SUKSES MAKMUR TBK.:

• Dollar-denominated bonds

• Proceeds to refinance its acquisition debt

INDONESIA:

• Benchmark-sized yen-denominated senior unsecured notes

• Proceeds of the bonds are intended to finance the budget deficit and for general purposes, including to partially fund its coronavirus-related relief and recovery efforts

KEB HANA BANK:

• Sustainability notes due 2026

• Talk in the Treasuries plus 90 basis points area

• Citigroup Global Markets Inc., Credit Agricole CIB, HSBC Securities (USA) Inc., MUFG and Standard Chartered Bank

• Bank based in Seoul, South Korea

LIFESTYLE INTERNATIONAL HOLDINGS LTD.:

• Subsidiary LS Finance (2017) Ltd. will issue

• Fixed-rate guaranteed bonds

• Proceeds to fund a tender offer

• Retail operator based in Hong Kong

MEILUN (BVI) LTD.:

• Subsidiary of Shandong Chenming Paper Holdings Ltd.

• Up to $1 billion in bonds with a term up to five years

• Proceeds to replace domestic and overseas debts, to purchase raw materials, to replenish working capital and for project construction

• Weifang, China paper mill company

NEW WORLD DEVELOPMENT CO. LTD.:

• NWD Finance (BVI) Ltd.

• Dollar-denominated perpetual securities

• Proceeds are expected to be used to fund a tender offer for NWD’s $1.2 billion of 5¾% senior perpetual capital securities

PERUSAHAAN PENERBIT SBSN INDONESIA III:

• Government of Indonesia

• Dollar-denominated trust certificates (sukuk)

• Proceeds are intended for general budgetary purposes, including for financing requirements

TUNAS BARU LAMPUNG TBK.:

• Dollar-denominated senior unsecured notes

• Proceeds to repay debt

ZHEJIANG EXPRESSWAY CO. LTD.:

• Up to $600 million of senior notes with one- to 10-year terms

• Regulation S

• Proceeds to debt refinancing, new projects and strategic development

• Hangzhou, China, infrastructure company

ZHONGYUAN ZHICHENG CO., LTD.:

• Guaranteed by parent Zhongyuan Yuzi Investment Holding Group Co., Ltd.

• Dollar-denominated notes (A2//A)

• Proceeds to refinance offshore debt and invest in low-income housing, infrastructure and manufacturing projects in Henan

• Zhengzhou, China-based investor in urban and rural construction, industrial zones, land consolidation, sewage treatment, and other businesses

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