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Published on 4/11/2011 in the Prospect News Emerging Markets Daily.

Emerging markets calendar

APRIL 11 WEEK

PT UNIFLORA PRIMA: Five-year dollar notes (expected rating: B2); ING; Rule 144A/Regulation S; roadshow March 31-April 7; proceeds to make-whole Davomas 2014 and 2011 notes, share tender of Davomas shares, interest reserve accounts and capital expenditures; Jakarta, Indonesia-based cocoa producer.

CJSC TINKOFF CREDIT SYSTEMS BANK: Dollar notes; Citigroup, Goldman Sachs; Regulation S; roadshow starts April 7; Moscow-based credit card and consumer lending company.

INDIAN OVERSEAS BANK: $500 million notes due 2016; Citigroup, HSBC, JPMorgan, RBS, Standard Chartered; Regulation S; roadshow starts April 7; lender based in Chennai, India.

RHB BANK BHD.: $300 million to $500 million senior notes; Merrill Lynch, Goldman Sachs; Kuala Lumpur-based lender.

HANA BANK: Possible notes; Barclays Capital, Citigroup, Hana Daetoo Securities, HSBC, Standard Chartered; roadshow April 1-7; Seoul, South Korea-based lender.

BANCO BONSUCESSO SA: Notes due 2016 (expected rating: Ba2); JPMorgan, Santander; Rule 144A/Regulation S; change-of-control put at 101% with ratings downgrade; proceeds to increase lending operations and for general corporate purposes; roadshow April 5-8: lender based in Belo Horizonte, Brazil.

COMPANHIA DE ELECTRICIDADE DO ESTADO DA BAHIA (COELBA): Possible notes: BB Securities, BNP Paribas, Itau; roadshow April 7-13; Salvador, Brazil-based electricity company.

TURKIYE GARANTI BANKASI AS (GARANTIBANK): Benchmark-sized notes (expected ratings: Ba1//BBB-); Deutsche Bank, Goldman Sachs, JPMorgan, Standard Chartered Bank; roadshow April 11-13; Rule 144A/Regulation S; lender based in Istanbul, Turkey.

OJSC PROMSVYAZBANK: Notes; Deutsche Bank, JPMorgan, Promsvyazbank; roadshow started April 11; Rule 144A/Regulation S; lender based in Moscow.

BANK OCHRONY SRODOWISKA SA (BOS BANK): Euro notes; Barclays Capital, ING Bank, Riaffeisen Bank International; roadshow starting April 12; Regulation S; lender based in Warsaw.

APRIL

MUBADALA DEVELOPMENT CO. PJSC: Possible notes; Barclays Capital, HSBC, National Bank of Abu Dhabi, Societe Generale, Standard Chartered; Abu Dhabi-based government-owned investment vehicle.

EVRAZ GROUP SA: Dollar benchmark notes; Goldman Sachs, ING, VTB Capital; Rule 144A/Regulation S; roadshow April 13-18; Moscow-based vertically integrated steel and mining concern.

BANCO PINE SA: Notes; BTG Pactual, JPMorgan, Santander; Rule 144A/Regulation S; roadshow April 12-14; lender based in Sao Paulo.

COSTA RICA: Possible notes.

ROMANIA: €500 million notes with five- or 10-year tenor.

QATAR GENERAL INSURANCE AND REINSURANCE CO. SAQ: Up to $500 million of notes; issuance likely after March 8; provides energy insurance to the energy and petrochemical industry in Doha, Qatar.

UNITED CO. RUSAL PLC: RUB 15 billion bonds, with put option no sooner than four years, talked at 8.7% to 9%; 1 billion renminbi, $1 billion eurobonds by May; proceeds to refinance debt; aluminum company based in Moscow.

CLP POWER HONG KONG LTD.: Possible notes; Barclays Capital, Standard Chartered; roadshow started March 7; Hong Kong-based electric company.

POLSKIE GORNICTWO NAFTOWE I GAZOWNICTOW (PGNIG): Bonds; Poland-based natural gas company.

LOCALIZA RENT A CAR: Notes due 2018; Merrill Lynch, Bradesco BBI, Citigroup, Itau; roadshow March 10-15; Belo Horizonte, Brazil-based vehicle rental company.

CITIC PACIFIC LTD.: Possible notes; HSBC, UBS; Hong Kong-based business conglomerate.

BANCO SANTANDER BRASIL SA: Possible notes; Morgan Stanley, Santander; roadshow March 30-31; banking company based in Sao Paulo.

INDONESIA: $2 billion notes due 2021, 2041; Deutsche Bank, JPMorgan, UBS.

HYPERMARCAS SA: $500 million senior notes due 2021 (Ba2//BB); Bradesco BBI, Citigroup, HSBC, Itau, JPMorgan; Rule 144A/Regulation S; non-callable for five years; roadshow April 11-14; proceeds to repay debt, for working capital and for general corporate purposes; health and personal care products manufacturer based in Sao Paulo.

JULY

DEVELOPMENT BANK OF KAZAKHSTAN: $800 million notes; Astana, Kazakhstan-based lender.

ON THE HORIZON

BYD (H.K.): Notes; UBS; Regulation S; proceeds for business development and expansion and for general financing purposes; Hong Kong-based subsidiary of automobile, handset component and rechargeable battery manufacturer BYD Co. Ltd.

HYUNDAI STEEL CO. LTD.: Senior dollar notes (Baa3/BBB-/); proceeds for refinancing; steel producer based in Seoul, South Korea.

PROVINCE OF BUENOS AIRES: $500 million bonds.

BANCO DE GALICIA Y BUENOS AIRES: Up to $300 million notes due in up to seven years; UBS, Deutsche Bank; lender based in Buenos Aires.

GLOBAL DAIRY HOLDINGS LTD.: Renminbi notes; Merrill Lynch, Macquarie Group; proceeds for general corporate purposes and to finance company's vertical integration plan; milk and milk products manufacturer and marketer based in Hong Kong.

HOANG ANH GIA LAI GROUP: Possible issue of $200 million five-year notes; Credit Suisse; roadshow March 14 week; business conglomerate based in Vietnam.

ZHONGSHENG GROUP HOLDINGS LTD: Notes; Regulation S; proceeds for general corporate and working capital purposes, as well as for expanding the company's distribution network of dealerships through growth and acquisitions, alliances, joint ventures and other strategic investments; automobile dealership company based in Beijing, China.

RUSSIA: Dollar notes due 2041.

ZAMBIA: Dollar notes.

VIETNAM BANK FOR INDUSTRY AND TRADE (VIETINBANK): $500 million to $1 billion notes; Barclays, Credit Suisse, Goldman Sachs, JPMorgan; issuance likely in 2011.

SHARJAH ISLAMIC BANK: $500 million sukuk notes; HSBC, Standard Chartered; Dubai-based lender.

TURKIYE VAKIFLAR BANKAS TAO (VAKIFBANK): Between $500 million and $1 billion five-year notes; Ankara, Turkey-based lender.

EURASIAN BANK JSC: Up to $300 million of bonds, possible ruble bonds; Kazakhstan-based lender.

OGX PETROLEO E GAS PARTICIPACOES SA: Dollar notes; Credit Suisse, HSBC, Itau, JPMorgan; Brazil-based oil and gas exploration and production company.

SENEGAL: $500 million bonds by April.

TECHNIKABANK OJSC: Dollar notes (//B-); Commerzbank AG, HSBC; change-of-control put if three main shareholders cease to own more than 50% of company; Azerbaijan-based lender.

SLOVAK REPUBLIC: Tap of bonds due Feb. 24, 2016; KBC Group, Erste Group, Intesa Sanpaolo Group.

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

CITY OF KIEV: $300 million notes; Credit Suisse linked to deal.

OAO ASB BELARUSBANK: Dollar-denominated bond of up to $500 million.

IFH PERU LTD.: $100 million tap of 8 5/8% bonds due 2019; Barclays Capital, IMT Trust; Lima, Peru-based financial services company.

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

AL BARAKA BANKING GROUP: Up to $500 million sukuk issue of five-year notes; Bahrain-based Islamic lender.

POLSKI KONCERN NAFTOWY ORLEN SA (PKN ORLEN): Euro-denominated notes; Citigroup, Deutsche Bank, RBS; Regulation S; roadshow started Nov. 17; could be postponed; Plock, Poland-based oil refiner and petrol retailer.

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.

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.

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.

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.

SRI LANKA TELECOM PLC: Up to $125 million of 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.

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

Started March 7: CLP POWER HONG KONG LTD.: Possible notes; Barclays Capital, Standard Chartered.

March 10-15: LOCALIZA RENT A CAR: Possible notes; Merrill Lynch, Bradesco BBI, Citigroup, Itau.

Started March 14: EMIRATE OF ABU DHABI: Non-deal roadshow in Asia.

March 14 week: HOANG ANH GIA LAI GROUP: Possible issue of $200 million five-year notes; Credit Suisse.

March 23-25: EXPORT-IMPORT BANK OF KOREA: Non-deal roadshow; HSBC, RBS, UBS.

March 28-31: HYUNDAI CAPITAL SERVICES INC.: Possible notes; Merrill Lynch.

March 28-April 6: SOUTH AFRICA: Non-deal roadshow; Citigroup, Deutsche Bank, Rand Merchant Bank.

March 30-31: BANCO SANTANDER BRASIL SA: Possible notes; Morgan Stanley, Santander.

March 31-April 7: PT UNIFLORA PRIMA: Five-year dollar notes; ING.

Upcoming: MUBADALA DEVELOPMENT CO. PJSC: Possible notes; Barclays Capital, HSBC, National Bank of Abu Dhabi, Societe Generale, Standard Chartered.

April 1-7: HANA BANK: Possible notes; Barclays Capital, Citigroup, Hana Daetoo Securities, HSBC, Standard Chartered.

Started April 7: CJSC TINKOFF CREDIT SYSTEMS BANK: Dollar notes; Citigroup, Goldman Sachs.

Started April 7: INDIAN OVERSEAS BANK: Citigroup, HSBC, JPMorgan, RBS, Standard Chartered.

April 5-8: BANCO BONSUCESSO SA: Notes due 2016; JPMorgan, Santander.

April 7-13: COMPANHIA DE ELECTRICIDADE DO ESTADO DA BAHIA: Possible notes: BB Securities, BNP Paribas, Itau.

Started April 11: OJSC PROMSVYAZBANK: Notes; Deutsche Bank, JPMorgan, Promsvyazbank.

April 11-13: TURKIYE GARANTI BANKASI AS (GARANTIBANK): Benchmark-sized notes; Deutsche Bank, Goldman Sachs, JPMorgan, Standard Chartered Bank.

April 11-14: HYPERMARCAS SA: $500 million senior notes due 2021; Bradesco BBI, Citigroup, HSBC, Itau, JPMorgan.

Starting April 12: BANK OCHRONY SRODOWISKA SA (BOS BANK): Euro notes; Barclays Capital, ING Bank, Riaffeisen Bank International.

April 12-14: BANCO PINE SA: Notes; BTG Pactual, JPMorgan, Santander.

April 13-18: EVRAZ GROUP SA: Dollar benchmark notes; Goldman Sachs, ING, VTB Capital.


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