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Published on 11/10/2010 in the Prospect News Emerging Markets Daily.

Emerging markets calendar

NOVEMBER 8 WEEK

AEROSPACE SATELLITE CORP. HOLDING BV: $180 million to $200 million senior secured guaranteed notes due 2015; HSBC, Standard Chartered; Rule 144A/Regulation S; non-callable for three years; roadshow started Oct. 29; final guidance in 12¾% area; proceeds to finance acquisitions and other issue-related expenses; special purpose vehicle of PT MNC Sky Vision, an Indonesia-based satellite pay television company.

BANCO BVA SA: Dollar-denominated issue of three-year bullet notes (expected ratings: B2//B-); BCP Securities, UBS; Regulation S only; proceeds for general corporate purposes and credit portfolio growth; price talk at 7½% area; lender based in Rio de Janeiro.

MRIYA AGRO HOLDING PLC: Dollar bonds (expected ratings: /B/B-); Bank of America Merrill Lynch, UBS; roadshow started Nov. 3; Rule 144A/Regulation S; Ukraine-based agriculture producer and trader.

GULF GENERAL INVESTMENT CO.: Possible $300 million notes due 2015 (B1); Deutsche Bank, HSBC, Standard Chartered; roadshow started Nov. 2; proceeds to refinance and reduce existing short-term debt and for general corporate purposes; Dubai-based real estate company.

NOVEMBER 15 WEEK

TURKIYE IS BANKASI AS (ISBANK): Benchmark notes (expected Ba1//BBB-); JPMorgan, RBS, Standard Bank, Standard Chartered; Rule 144A/Regulation S; roadshow Nov. 8-10; lender based in Istanbul, Turkey.

YUZHOU PROPERTIES CO. LTD.: Senior notes; BOCI, Nomura, RBS; Rule 144A/Regulation S; proceeds for general corporate purposes and to repay certain existing loans and fund acquisition of land for residential and commercial property development; roadshow started Nov. 9; property developer based in Fujian Province, China.

NOVEMBER

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

BBVA BANCO CONTINENTAL: Dollar-denominated benchmark-sized notes due 2020; Credit Suisse, Deutsche Bank, BBVA; Rule 144A/Regulation S; proceeds for general corporate purposes; lender based in Lima, Peru.

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.

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

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.

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

ON THE HORIZON

CHINA ORIENTAL: Planned issue of senior notes; Rule 144A/Regulation S; integrated iron and steel manufacturer based in Hong Kong.

CENCOSUD SA: Up to $900 million of bonds; JPMorgan, Deutsche Bank, Santander; proceeds to refinance debt; Chile-based retail company.

GEORGIA: $500 million 10-year bonds.

UNITED GULF BANK: Bonds; Standard Chartered; Bahrain-based lender and subsidiary of Kuwait-based Kipco.

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

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

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

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

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

Started Nov. 3: MRIYA AGRO HOLDING PLC: Dollar bonds; Bank of America Merrill Lynch, UBS.

Started Nov. 9: YUZHOU PROPERTIES CO. LTD.: Senior notes; BOCI, Nomura, RBS.

Nov. 8-10: TURKIYE IS BANKASI AS (ISBANK): Benchmark notes; JPMorgan, RBS, Standard Bank, Standard Chartered.


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