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Published on 11/1/2010 in the Prospect News Emerging Markets Daily.

Emerging markets calendar

NOVEMBER 1 WEEK

MB PETROLEUM SERVICES (MBPS): $350 million senior notes; Barclays Capital, HSBC, Standard Chartered; roadshow started Oct. 28; Rule 144A/Regulation S; Oman-based multinational corporation focused on oilfield services.

INTERNATIONAL PETROLEUM INVESTMENT CO. (IPIC): Benchmark-sized bonds; roadshow started Oct. 31; Goldman Sachs, Bank of America Merrill Lynch, HSBC, National Bank of Abu Dhabi, Standard Chartered, RBS; Abu Dhabi-based entity that oversees foreign investment in the oil industry.

TELEFONICA MOVILES CHILE SA: Five-year dollar-denominated notes (//BBB); BBVA Securities, Citigroup, Deutsche Bank; Rule 144A/Regulation S; roadshow started Oct. 29; telecommunications company based in Santiago, Chile.

ARCOR: $200 million fixed-rate senior notes due 2017 (B1//B+); JPMorgan, Santander, BNP Paribas; yield whispered at the 8% area; candy maker based in Cordoba, Argentina.

SINOCHEM OVERSEAS CAPITAL CO. LTD.: Benchmark-sized issue of 10- and 30-year dollar-denominated notes (expected ratings: Baa1/BBB+/BBB+); Citigroup, HSBC, UBS; Rule 144A/Regulation S; roadshow started Oct. 26; subsidiary of Hong Kong-based business conglomerate Sinochem Hong Kong Group Co. Ltd., which has interests in agriculture, energy, chemicals, real estate and finance.

MAQUINARIA ESPECIALIZADA MXO TRUST: $160 million notes; Santander; Rule 144A/Regulation S; roadshow started Oct. 27; special purpose vehicle designed to provide construction machinery services to Corporacion GEO, a Mexico City-based homebuilder.

PETRON FUEL SUCCESS: Peso-denominated bonds, payable in dollars; Credit Suisse, Deutsche Bank, HSBC, Standard Chartered; roadshow started Oct. 27; Regulation S; Philippines-based subsidiary of oil refining and marketing company Petron Corp.

GENERAL SHOPPING FINANCE LTD.: Dollar-denominated perpetual notes; Bank of America Merrill Lynch, BTG Pactual; Rule 144A/Regulation S; non-callable for five years; proceeds to redeem outstanding debt and finance capital expenditures; roadshow until Nov. 3; Sao Paulo-based retail and shopping center company.

KAZKOMMERTSBANK: Up to $2 billion of seven-year notes; JPMorgan, UBS; roadshow started Oct. 18; subscription closed Oct. 27; Rule 144A/Regulation S; whispered to yield in the high 9% area; Almaty, Kazakhstan-based lender.

BANCO DO NORDESTE DO BRASIL SA: Dollar-denominated offering of five-year notes; Deutsche Bank, HSBC, UBS; Rule 144A/Regulation S; roadshow Nov. 2-3; lender based in Fortaleza, Brazil.

NOVEMBER

FIRST GULF BANK: Dollar-denominated offering of notes; BNP Paribas, Citigroup, Deutsche Bank, HSBC, National Bank of Abu Dhabi; lender based in Abu Dhabi.

KOREA NATIONAL OIL (KNOC): Dollar-denominated benchmark notes; Barclays, BNP Paribas, Credit Suisse, Deutsche Bank, Korea Development Bank; Rule 144A/Regulation S; roadshow started Oct. 27; oil and gas company based in Anyang, South Korea.

QATAR NATIONAL BANK: Benchmark dollar bond; Barclays Capital, BNP Paribas, JPMorgan, QNB Capital, Standard Chartered; Regulation S only; roadshow starting Nov. 3.

ODEBRECHT DRILLING NORBE XII/IX LTD: $1.5 billion, 10-year final, 8.1-year average life bonds; Santander, HSBC, Deutsche Bank, BB Securities; roadshow Nov. 1-5; Rule 144A/Regulation S; proceeds to refinance existing debt related to construction and operation of two deepwater drill ships; wholly owned subsidiary of Brazil-based Odebrecht Oleo e Gas SA.

YUKSEL INSAAT: At least $250 million notes (expected rating: B1); BNP Paribas, Standard Chartered; construction company based in Ankara, Turkey.

AEROSPACE SATELLITE CORP. HOLDING BV: Dollar-denominated senior secured guaranteed notes due 2015; HSBC, Standard Chartered; Rule 144A/Regulation S; non-callable for three years; roadshow started Oct. 29; proceeds to finance acquisitions and other issue-related expenses; special purpose vehicle of PT MNC Sky Vision, an Indonesia-based satellite pay television company.

ARAMCO: $1 billion sukuk with France's Total; Credit Agricole, Deutsche Bank, Samba Financial; state-owned national oil company based in Dhahran, Saudi Arabia.

EASTERN AND SOUTHERN AFRICAN TRADE AND DEVELOPMENT BANK (PTA BANK): Dollar-denominated offering of notes; HSBC, Standard Chartered; roadshow Oct. 28-Nov. 3; Regulation S; Burundi-based lender.

OAO PROBUSINESS BANK: Subordinated 51/2-year notes; Moscow-based lender.

MOSCOW CREDIT BANK: Eurobond issue totaling about $300 million; Commerzbank, RZB, ING; roadshow started Oct. 14; Moscow-based lender.

BANCO DE CHILE: Dollar-denominated notes; Santiago, Chile-based lender.

NEUQUEN PROVINCE: $250 million floating-rate notes with 10-year maximum tenor; proceeds for repayment of debt or to finance infrastructure projects; province of Argentina.

AES ANDRES DOMINICANA SPV: Dollar-denominated offering of 10-year bonds (expected rating: //B-); Credit Suisse, Deutsche Bank; special purpose vehicle for Virginia-based AES, a private power generator in the Dominican Republic.

JORDAN: $500 million bonds due 2015 (Ba2); Arab Bank, Credit Suisse, HSBC, JPMorgan; Regulation S only; roadshow starting Nov. 2.

GULF GENERAL INVESTMENT CO.: Dollar notes due 2015 (B1); Deutsche Bank, HSBC, Standard Chartered; roadshow starting Nov. 2; proceeds to refinance and reduce existing short-term debt and for general corporate purposes; Dubai-based real estate company.

CYRELA BRAZIL REALTY SA: Possible notes; Credit Suisse, Itau, Morgan Stanley; roadshow Nov. 1-5; residential construction and real estate developer based in Sao Paulo.

CHINA OVERSEAS LAND AND INVESTMENT LTD: Dollar-denominated issue of notes (Baa2); BNP Paribas, BOC International, Deutsche Bank, HSBC, JPMorgan; roadshow starts Nov. 2; proceeds to fund new and existing projects and to refinance existing borrowings; subsidiary of China State Construction & Engineering Corp. Ltd., a property developer based in Beijing.

NIGERIA: $500 million bond; Barclays, FBN Capital.

ON THE HORIZON

DOHA BANK: $500 million bonds; JPMorgan, Morgan Stanley; Qatar-based lender.

RAS AL-KHAIMAH: Benchmark-sized bond; Citigroup, RBS; emirate in the United Arab Emirates.

PT PERUSAHAAN LISTRIK NEGARA (PLN): Possible $1 billion 10-year notes; pricing expected in 2011; Indonesian state-owned electric company.

SRI LANKA TELECOM PLC: Up to $125 million in bonds; proceeds to fund expansion plans; telecommunications service provider based in Colombo, Sri Lanka.

BANCO CREDITO E INVERSIONES: $200 million five-year notes; BNP Paribas, JPMorgan; Rule 144A/Regulation S; postponed; lender based in Santiago, Chile.

KENYA ELECTRICITY GENERATING CO. LTD. (KENGEN): Planned $1 billion bond issue; proceeds to finance $4.5 billion expansion plans; power producer based in Nairobi, Kenya.

CORPORACION FINANCIERA DE DESAROLLO (COFIDE): Planned issue of $250 million bonds; lender based in San Isidro, Peru.

E-LAND FASHION CHINA HOLDINGS LTD.: $200 million senior notes due 2013 (Ba2/BB-); Morgan Stanley; to fund capital expenditures and expand network; delayed; Shanghai-based women's apparel company.

CHINA MEDICAL TECHNOLOGIES INC.: Up to $200 million senior notes due 2015 (/B+/B+); Deutsche Bank, Standard Chartered Bank; non-callable for three years; Rule 144A/Regulation S; to redeem, repay or repurchase the company's convertible notes due 2011; delayed; Beijing-based medical device and diagnostics company.

INDONESIA: Planned sukuk offering worth $650 million; Citigroup, HSBC, Standard Chartered; delayed until 2011.

TRANSCREDITBANK: Up to $400 million three-year notes; JPMorgan, BNP Paribas; pricing expected before the end of 2010; Moscow-based commercial bank and subsidiary of JSC Russian Railways.

ZAMBIA: Planned issue of $500 million to $1 billion bonds; proceeds for infrastructure improvements and power plant construction.

GULF INVESTMENT BANK: Expected dollar-denominated bonds or sukuk offering; Barclays Capital, GIB Financial, HSBC, UBS; timing and structure to be determined.

URUGUAY: Planned $1 billion issue of bonds, possible 20-year maturity.

ROADSHOWS

Oct. 11 week: OAO PROBUSINESS BANK: Subordinated 51/2-year notes.

Started Oct. 14: MOSCOW CREDIT BANK: Eurobond issue totaling about $300 million; Commerzbank, RZB, ING.

Started Oct. 18: CREDITO IMMOBILIARIO: Non-deal roadshow; HSBC, Heritage Capital; Mexico-based mortgage lender owned by Spain's Caja de Ahorros del Mediterraneo.

Started Oct. 18: KAZKOMMERTSBANK: Seven-year notes of up to $2 billion; JPMorgan, UBS.

Started Oct. 26: SINOCHEM OVERSEAS CAPITAL CO. LTD.: Benchmark-sized issue of 10- and 30-year dollar-denominated notes; Citigroup, HSBC, UBS.

Started Oct. 27: MAQUINARIA ESPECIALIZADA MXO TRUST: Dollar-denominated notes; Santander.

Started Oct. 27: KOREA NATIONAL OIL: Dollar-denominated benchmark notes; Barclays, BNP Paribas, Credit Suisse, Deutsche Bank, Korea Development Bank.

Oct. 27-28: BANK OF MOSCOW: Non-deal roadshow; UBS, ING.

Started Oct. 28: MB PETROLEUM SERVICES (MBPS): $350 million senior notes; Barclays Capital, HSBC, Standard Chartered.

Oct. 28-Nov. 3: EASTERN AND SOUTHERN AFRICAN TRADE AND DEVELOPMENT BANK (PTA BANK): Dollar-denominated offering of notes; HSBC, Standard Chartered.

Started Oct. 29: AEROSPACE SATELLITE CORP. HOLDING BV: Dollar-denominated senior secured guaranteed notes due 2015; HSBC, Standard Chartered.

Started Oct. 31: INTERNATIONAL PETROLEUM INVESTMENT CO. (IPIC): Benchmark-sized bonds; roadshow started Oct. 31; Goldman Sachs, Bank of America Merrill Lynch, HSBC, National Bank of Abu Dhabi, Standard Chartered, RBS.

Nov. 1-5: ODEBRECHT DRILLING NORBE XII/IX LTD: $1.5 billion, 10-year final, 8.1-year average life bonds; Santander, HSBC, Deutsche Bank, BB Securities.

Nov. 1-5: CYRELA BRAZIL REALTY SA: Possible notes; Credit Suisse, Itau, Morgan Stanley.

Ending Nov. 2: GENERAL SHOPPING FINANCE LTD.: Dollar-denominated perpetual notes; Bank of America Merrill Lynch, BTG Pactual.

Starting Nov. 2: CHINA OVERSEAS LAND AND INVESTMENT LTD: Dollar-denominated issue of notes; BNP Paribas, BOC International, Deutsche Bank, HSBC, JPMorgan.

Starting Nov. 2: GULF GENERAL INVESTMENT CO.: Dollar notes due 2015; Deutsche Bank, HSBC, Standard Chartered.

Nov. 2-3: BANCO DO NORDESTE DO BRASIL SA: Dollar-denominated offering of five-year notes; Deutsche Bank, HSBC, UBS.

Starting Nov. 3: QATAR NATIONAL BANK: Benchmark dollar bond; Barclays Capital, BNP Paribas, JPMorgan, QNB Capital, Standard Chartered.

Starting Nov. 3: FIRST GULF BANK: Dollar-denominated offering of notes; BNP Paribas, Citigroup, Deutsche Bank, HSBC, National Bank of Abu Dhabi.


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