Emerging markets calendar

SEPTEMBER 20 WEEK

GERDAU TRADE INC: Benchmark dollar senior notes due January 2021 (BBB-/BBB-); HSBC, Santander, JPMorgan; Rule 144A/Regulation S; proceeds to repay indebtedness and for general corporate purposes; price talk at 6% area; subsidiary of Porto Alegre, Brazil-based steel maker Gerdau SA.

GRUPO FERTINAL: $200 million five-year notes; UBS; roadshow ended Sept. 22; Mexico City, Mexico-based phosphate fertilizer producer.

BURGAN BANK SAK: Benchmark-sized issue of notes due 2020 (A2/BBB+); JPMorgan, Morgan Stanley, Standard Chartered Bank; Regulation S; roadshow started Sept. 9; guidance set at 8¼%; Sharq, Kuwait-based lender and subsidiary of Kuwait Projects Co. Holding KSC.

SRI LANKA: $1 billion issue of 10-year notes; HSBC, RBS, Bank of America Merrill Lynch.

EVERTEC, INC.: $220 million senior notes due 2017 (expected ratings Caa1/B-); Bank of America Merrill Lynch, Morgan Stanley (joint); Rule 144A with registration rights; non-callable for three years; 101% poison put; to fund acquisition of 51% of Evertec by Apollo; San Juan, Puerto Rico-based provider of transaction processing, payment processing, merchant acquiring and other related services in Puerto Rico and certain countries within the Caribbean and Central and Latin America; roadshow started Sept. 16; pricing Sept. 20 week.

INDUSTRIAS METALURGICAS PESCARMONA SAIC (IMPSA): Up to $300 million of notes (/B+/); UBS Investment Bank, Bank of America Merrill Lynch; proceeds to purchase notes tendered in offer for any and all outstanding 11% notes due 2014; price talk set at 10 ½%; Mendoza, Argentina-based producer of wind and hydropower equipment.

SEPTEMBER 27 WEEK

REPUBLIC OF THE PHILIPPINES: Benchmark-sized issue of dollar notes due Jan. 15, 2021, talked at Treasuries plus 149 bps to 164 bps; tap of 6 3/8% bonds due Oct. 23, 2034, talked at Treasuries plus 148 bps to 163 bps; part of bond exchange; Citigroup, HSBC, UBS; Securities and Exchange Commission-registered; pricing expected Sept. 29.

KAZAKHSTAN TEMIR ZHOLY (KTZ): Dollar-denominated benchmark-sized issue of notes; Barclays, HSBC, RBS; Rule 144A/Regulation S; roadshow starting Sept. 22; Astana, Kazakhstan-based railway company.

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

QATAR ISLAMIC BANK: Planned sukuk offering of up to $750 million; HSBC, Credit Suisse; lender based in Doha, Qatar.

SEPTEMBER

GAZPROMBANK: $400 million to $500 million add-on to 6% notes due Dec. 15, 2014; yield set at 6.1%; Barclays, JPMorgan; Regulation S only; Moscow-based joint stock bank of the gas industry and a subsidiary of Russian energy company Gazprom.

YASAR HOLDING AS: Dollar denominated notes due 2015; Barclays Capital; Regulation S only; to fund a senior loan to Yasar by Barclays bank; roadshow started Sept. 20 in Germany, Switzerland, Holland, London; Turkey-based business conglomerate.

MOROCCO: Euro-denominated benchmark notes; Barclays Capital, HSBC, Natixis; Regulation S; roadshow started Sept. 20.

JORDAN: $500 million bonds due 2015; Arab Bank, Credit Suisse, HSBC, JPMorgan.

AB BANKAS SNORAS: Possible euro-denominated offering of notes; Commerzbank AG; roadshow in Europe started Sept. 13; lender based in Vilnius, Lithuania.

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 NACIONAL DEL COBRE DE CHILE (CODELCO): Planned issue of up to $1 billion in dollar bonds; proceeds for general corporate purposes and for copper projects; state-owned copper company based in Santiago, Chile.

PETROLEOS DE VENEZUELA SA (PDVSA): Planned $2 billion bond; Caracas, Venezuela-based state-owned oil company.

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

KOREA NATIONAL OIL: Dollar-denominated benchmark notes; oil and gas company based in Anyang, South Korea.

VOTORANTIM PARTICIPACOES SA: Possible issue of notes; Deutsche Bank, HSBC, SG CIB; Sao Paulo, Brazil-based business conglomerate.

OCTOBER

SM INVESTMENTS CORP: Dollar notes due 2017 as part of exchange offer; bonds sold for cash and bonds issued in the exchange will total at least $300 million and not more than $500 million; Citigroup, HSBC, BDO Capital & Investment; pricing expected Oct. 6; Pasay, Philippines-based business conglomerate and developer with interests in retail, mall operations and banking.

ON THE HORIZON

MEXICO: $1.8 billion-equivalent samurai bonds; Nomura, Misubishi UFJ, Mizuho; pricing expected in October.

YAPI KREDI: Possible issue of notes (BB/BBB-); Citigroup, Deutsche Bank, UNIC; commercial bank based in Istanbul, Turkey.

ISLAMIC DEVELOPMENT BANK: $1 billion sukuk offering; CIMB, four other banks; pricing expected in fourth quarter; proceeds to increase lending to member states coping with economic crisis; Jeddah, Saudi Arabia-based financial institution created to help economic development in 56 member countries.

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 unsecured notes due 2013 (Ba2/BB-); Morgan Stanley; to fund capital expenditures and expand network; delayed; Shanghai-based women's apparel 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.

SABIC CAPITAL: Planned offering of five-year senior unsecured notes (expected ratings A1/A+/A+); JPMorgan, HSBC, RBS; Regulation S only; talked at mid-swaps plus 175 basis points; proceeds to refinance debt; delayed; petrochemical, fertilizer and metals conglomerate 70%-owned by the Kingdom of Saudi Arabia and based in Riyadh.

ZAMBIA: Planned issue of $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

Started Sept. 9: BURGAN BANK SAK: Possible issue of notes; JPMorgan, Morgan Stanley, Standard Chartered Bank.

Started Sept. 13: AB BANKAS SNORAS: Possible euro-denominated offering of notes; Commerzbank AG.

Sept. 15-24: SRI LANKA: $1 billion issue of 10-year notes; HSBC, RBS, Bank of America Merrill Lynch.

Sept. 16-22: GRUPO FERTINAL: $200 million five-year notes; UBS.

Sept. 20-29: VOTORANTIM PARTICIPACOES SA: Possible issue of notes; Deutsche Bank, HSBC, SG CIB.

Started Sept. 20: YASAR HOLDING AS: Dollar-denominated notes due 2015; Barclays Capital.

Sept. 20-24: BUENOS AIRES: Non-deal roadshow; Bank of America Merrill Lynch, Deutsche Bank.

Started Sept. 22: KAZAKHSTAN TEMIR ZHOLY (KTZ): Dollar-denominated benchmark-sized issue of notes; Barclays, HSBC, RBS.

Started Sept. 22: CHINA MEDICAL TECHNOLOGIES: $175 million notes due 2015 (/B+/B+); Deutsche Bank Securities, Standard Chartered Bank.

Ending Sept. 24: BRASKEM SA: Non-deal roadshow; Deutsche Bank, HSBC, Itau.

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