Emerging markets calendar: Morocco plans 10-year dollar deal

AFRICA & MIDDLE EAST

Dec. 3 Week

MOROCCO (/BBB-/BBB-): Dollar-denominated notes due 2022; Rule 144A/Regulation S; Citigroup, BNP Paribas, Barclays, Natixis.

ALTICE GROUP: $700 million-equivalent tranche of dollar and euro bonds due December 2019, non-callable for three years; $390 million notes due December 2020; Goldman Sachs, HSBC, Morgan Stanley; Rule 144A/Regulation S; roadshow Dec. 5-6; proceeds to refinance debt and to finance the acquisition of the remaining 31% stake in Hot Mobile that Altice does not own; operates Hot Mobile, a wireless telecommunications company in Israel, and Israeli cable television company Hot.

2012

ISRAEL: $1 billion to $1.5 billion of notes.

REPUBLIC OF LEBANON: $2 billion bonds in 2012; Deutsche Bank, Fransa Bank, Standard Chartered.

ABU DHABI NATIONAL ENERGY CO. (TAQA): Dollar notes; BNP Paribas, Citigroup, HSBC, National Bank of Abu Dhabi, Standard Chartered; roadshow Dec. 3-4.

BAHRAIN TELECOMMUNICATIONS CO. (BATELCO): Dollar notes; BNP Paribas, Citigroup.

On The Horizon

DUBAI ELECTRICITY AND WATER AUTHORITY: Sukuk notes.

REPUBLIC OF KENYA: Notes; issuance likely by June 2013.

REPUBLIC OF ANGOLA: Up to $2 billion of notes.

ASIA

Dec. 3 Week

ALIBABA GROUP: At least $1 billion notes; Securities and Exchange Commission registered; e-commerce group based in Hangzhou, China.

CHINA CINDA ASSET MANAGEMENT CO. LTD.: Renminbi notes; Bank of China (HK), BOCI, CCB International, Cinda International, Citic Securities International, Credit Suisse, Morgan Stanley, Standard Chartered Bank, UBS, Wing Lung Bank; Regulation S; roadshow Nov. 26 week; Beijing-based acquirer and manager of non-performing assets.

EMERGING EUROPE & CENTRAL ASIA

Dec. 3 Week

REPUBLIC OF LATVIA: Notes; Barclays, Deutsche Bank, JPMorgan.

CIECH GROUP FINANCING AB (CIECH S.A.): Approximately PLN 1.3 billion equivalent of euro-denominated senior secured notes due 2019 and PLN-denominated senior secured domestic bonds due 2017 (B2/B/); Credit Suisse (bill and deliver, joint books), Barclays (joint books); Rule 144A and Regulation S; to repay bank and bond debt; Warsaw-based soda ash producer; pricing mid-to-late Nov. 19 week following roadshow.

MAGYAR EXPORT-IMPORT BANK: €2 billion notes program; Jefferies, Deutsche Bank; Rule 144A/Regulation S; roadshow Nov. 26 week, concluding Dec. 3; lender wholly owned by the Hungarian State.

FEDERAL GRID CO. OF UNIFIED ENERGY SYSTEM: Ruble notes; Barclays, VTB Capital, Gazprombank, Morgan Stanley; Regulation S only; roadshow starts Nov. 29; Moscow-based operator and manager of Russia's unified electricity transmission grid system.

EUROCHEM GLOBAL INVESTMENTS LTD.: Dollar-denominated notes due 2017 (//BB); Rule 144A/Regulation S; BNP Paribas, Barclays, Citigroup, Sberbank; fertilizer company based in Moscow.

Dec. 10 Week

FAGE INTERNATIONAL SA/FAGE USA DAIRY INDUSTRY INC.: $250 million add-on to 9 7/8% notes due 2020; Rule 144A/Regulation S; roadshow Dec. 3 week; Citigroup Global Markets; proceeds to refinance debt, fund capital expenditures and for general corporate purposes; Athens-based dairy.

2012

OAO NOVATEK: $1 billion notes; independent gas producer based in Tarko-Sale, Russia.

SEKERBANK TAS: Possible public covered bonds; lender based in Istanbul.

ROMANIA: Dollar benchmark notes; Barclays, Citigroup; HSBC.

2013

CITY OF PRAGUE: €200 million 10-year notes; issuance expected in the first quarter of the year.

BELARUS: Up to $600 million of notes; Sberbank, VTB; roadshow began Nov. 28.

ALBARAKA TURK KATILIM BANKASI AS: $200 million five-year notes; banking group based in Istanbul.

LATIN AMERICA & THE CARIBBEAN

Dec. 3 Week

SCOTIABANK PERU SAA: Dollar notes; Bank of America Merrill Lynch, Goldman Sachs and Scotiabank; Rule 144A/Regulation S; roadshow Dec. 3-6; Lima, Peru-based subsidiary of Bank of Nova Scotia.

December

COSTA RICA: Up to $4 billion of bonds over the next 10 years, with $500 million by November.

2013

CENTRAL AMERICAN BANK FOR ECONOMIC INTEGRATION (CABEI): Possible three- to five-year issue of up to RMB 500 million notes; microfinance lender based in Tegucigalpa, Honduras.

Roadshows

Nov. 26 week: CHINA CINDA ASSET MANAGEMENT CO. LTD.: Renminbi notes; Bank of China (HK), BOCI, CCB International, Cinda International, Citic Securities International, Credit Suisse, Morgan Stanley, Standard Chartered Bank, UBS, Wing Lung Bank.

Nov. 26 week: MAGYAR EXPORT-IMPORT BANK: €2 billion notes program; Jefferies, Deutsche Bank.

Started Nov. 28: BELARUS: Up to $600 million of notes; Sberbank, VTB.

Started Nov. 29: FEDERAL GRID CO. OF UNIFIED ENERGY SYSTEM: Ruble notes; Barclays, VTB Capital, Gazprombank, Morgan Stanley.

Dec. 3 week: FAGE INTERNATIONAL SA/FAGE USA DAIRY INDUSTRY INC.: $250 million add-on to 9 7/8% notes due 2020; Citigroup Global Markets.

Dec. 3-6: SCOTIABANK PERU SAA: Dollar notes; Bank of America Merrill Lynch, Goldman Sachs and Scotiabank.

Dec. 3-4: ABU DHABI NATIONAL ENERGY CO. (TAQA): Dollar notes; BNP Paribas, Citigroup, HSBC, National Bank of Abu Dhabi, Standard Chartered.

Dec. 5-6: ALTICE GROUP: $700 million-equivalent tranche of dollar and euro bonds due December 2019, non-callable for three years; $390 million notes due December 2020; Goldman Sachs, HSBC, Morgan Stanley.

Upcoming: ZENITH BANK PLC: Non-deal roadshow.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.