Emerging markets calendar: South Africa to sell 15-year global bonds

WEEK OF MAY 14

REPUBLIC OF SOUTH AFRICA: Minimum $750 million offering of 15-year global bonds (Baa1/BBB+/BBB+); Barclays Capital, Citigroup; part of a tender offer; talk set at Treasuries plus 120 basis points; pricing scheduled for May 16; settlement May 30.

SADIA OVERSEAS LTD.: Dollar-denominated offering of intermediate-dated notes (Ba2/BB expected); ABN Amro; Rule 144A/Regulation S; roadshow in Hong Kong on May 7, Singapore on May 8, Zurich on May 9, London on May 10, Frankfurt on May 11, New York on May 14, Boston on May 15, Los Angeles on May 16, an open roadshow on May 17; Brazilian food processing company Sadia SA will guarantee; to refinance existing debt, finance capital expenditures.

BANK OF BARODA: Dollar-denominated offering of 15-year upper tier II bonds; Deutsche Bank, Citigroup, Barclays Capital; Regulation S; investor presentations in Singapore May 14, Hong Kong on May 15, London on May 16; financial institution is based in Mumbai, India.

XXI CENTURY INVESTMENTS: Dollar-denominated three-year secured bonds; ING; Regulation S; guidance set at 10% area, Kiev-based real estate investment, development and property management company in the Ukraine; roadshow scheduled to end on May 16.

WEEK OF MAY 21

VSEUKRAINSKY AKSIONERNY BANK (VAB BANK): Inaugural offering of dollar-denominated eurobonds (B2/B-); Credit Suisse, Deutsche Bank; Regulation S; roadshow in Hong Kong in May 15, in Singapore on May 16, London on May 17, in Switzerland on May 18, in Frankfurt and Vienna on May 21; Ukrainian financial institution and a member of the Kiev-based universal financial group VAB Group.

MAY

BANCOLOMBIA SA: $400 million offering of 10-year subordinated unsecured notes (Baa3//BB); JP Morgan, UBS Investment Bank; SEC-registered; to fund operations, strengthen capital structure and for regulatory compliance, other general corporate purposes; commercial bank in Colombia.

PETROLEUM CO. OF TRINIDAD & TOBAGO LTD. (PETROTRIN): $750 million offering of 15-year amortizing notes (/BBB+/), Citigroup (books), Calyon (co-manager); to finance a large portion of estimated $800 million refinery upgrade program; state-owned oil company in Trinidad and Tobago.

ON THE HORIZON

AMTEL VREDESTEIN NV: Euro-denominated offering of three-year fixed rate unsecured bonds; Nomura International plc; company's debut offering of eurobonds; Enschede, Netherlands-based tire manufacturer and retailer.

ISPAT INDUSTRIES LTD.: Up to $500 million in foreign currency-denominated notes for infrastructure improvements in some of the company's plants, including its hot rolled coil steel plant at Dolvi in Raigad district of Maharashtra and its pellet plant, located at

KAZTRANSOIL: Up to $1 billion in new bonds; to fund the construction of two pipelines; Kazakhstan-based state-run oil firm.

ROADSHOWS

May 7-17: SADIA OVERSEAS LTD.: Dollar-denominated intermediate-dated notes; ABN Amro

May 14-16: BANK OF BARODA: Dollar-denominated offering of 15-year upper tier II bonds; Deutsche Bank, Citigroup, Barclays Capital

May 15-21: VSEUKRAINSKY AKSIONERNY BANK (VAB BANK): Inaugural offering of dollar-denominated eurobonds: Credit Suisse, Deutsche Bank

© 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.