Emerging markets calendar

LATIN AMERICA

April 24 Week

BANCO MACRO SA:

• Planning to price $300 million of peso-denominated notes due 2022 during the second quarter

• Rule 144A/Regulation S deal

• Proceeds will be used to make loans under Central Bank guidelines and for general working capital

• Financial institution based in Buenos Aires

VOTORANTIM METAIS:

• Roadshow will begin April 21

• HSBC, Morgan Stanley and JPMorgan Chase & Co. are global coordinators

• Sao Paulo-based zinc producer

2017

LA RIOJA:

• $200 million notes

• UBS, Puente Hnos SA

• Province in Argentina.

GRUPO LOS GROBO:

• Dollar notes

• Buenos Aires-based agribusiness.

COSTA RICA:

• $1 billion of 30-year notes

• Deutsche Bank, HSBC.

COLOMBIA:

• Euro notes

• BBVA, Goldman Sachs, JPMorgan

• Securities and Exchange Commission registered

• Includes a make-whole call

• Proceeds for general budgetary purposes.

ASIA

April 24 Week

IDFC BANK LTD.:

• Approved raising up to Rs. 100 billion of redeemable nonconvertible debentures and other debt instruments

• Will be issued in one or more tranches in the domestic/overseas markets, over a period of one year, within the overall borrowing limit of Rs. 1.5 trillion

• Bank based in Chennai, India

ADLABS ENTERTAINMENT LTD.:

• May issue debentures in private placement

• may raise funds through the issue of convertible warrants and equity shares on a preferential basis

• Mumbai, India-based company that develops and operates theme-based entertainment destinations

INDIABULLS HOUSING FINANCE LTD.:

• May issue up to Rs. 250 billion secured nonconvertible debentures

• May issue Rs. 20 billion unsecured redeemable nonconvertible subordinated debt

• Will be issued in one or more tranches from time to time via private placement

• Mumbai-based real estate company

SOCAM DEVELOPMENT LTD.:

• Plans to sell new dollar-denominated senior notes

• UBS is the global coordinator, bookrunner and lead manager for the Regulation S deal

• Proceeds from the notes will go to repaying bank borrowings, working capital and general corporate purpose

• Hong Kong-based firm that principally engages in property development and investment

CHINA DEVELOPMENT BANK FINANCIAL LEASING CO. LTD.:

• Proposing to issue up to RMB 44 billion of overseas/domestic debt financing with maturities of up to 10 years

• Proceeds will be used for business and operation needs and to replenish operating capital

• Issuer is based in Shenzhen, China

HARBIN BANK CO., LTD.:

• Received shareholder/regulatory approval to issue RMB 8 billion offshore preference shares

• Covers up to 80 million offshore preference shares issued in renminbi or other currencies

• Bank is based in Harbin, China

GREAT EASTERN SHIPPING CO. LTD.:

• Will consider an issue of up to Rs. 10 billion nonconvertible debentures

• Will be issued by way of private placement

• Mumbai, India-based shipping company transports liquid, gas and solid bulk products

HDFC BANK LTD.:

• Approved issuance of Rs. 500 billion of debt over next 12 months

• Issued as perpetual debt instruments, tier 2 capital bonds and senior long-term bonds through private placement

• Mumbai, India-based banking and financial services company

INDIAN HOTELS CO. LTD.:

• Allotted Rs. 2 billion of secured redeemable debentures

• 2,000 debentures will be issued by way of private placement

• Will be rated and listed

• Mumbai, India-based hotel business

NTPC LTD.:

• Board approved a proposal to issue up to Rs. 50 billion and/or up to $750 million-equivalent of notes

• Medium-term or standalone

• One or multiple tranches

• Proceeds to finance the capital expenditure of new and ongoing projects, coal mining projects, renovation and modernization of power stations and/or for other purposes

• New Delhi-based power company

SHRIRAM TRANSPORT FINANCE CO. LTD.:

• Board of directors to meet April 27 to consider raising funds

• Borrowing could occur by way of issue of redeemable nonconvertible debentures/subordinated debentures

• Provides financing for commercial vehicles and is based in Mumbai

MAHINDRA & MAHINDRA FINANCIAL SERVICES LTD.:

• Possible Rs. 290 billion of redeemable debentures in a private placement

• May consist of secured or unsecured debentures as well as subordinated debentures

• Subsidiary of Mahindra & Mahindra Ltd., a Mumbai, India-based manufacturer of tractors and light commercial vehicles

CHINA MERCHANTS BANK CO. LTD.:

• Planning to issue RMB 27.5 billion domestic preference shares, RMB 7.5 billion offshore preference shares

• Subject to regulatory and shareholder approval

• Issuer is based in Shenzhen, China

LEGEND HOLDING CORP.:

• RMB 28 billion of debt financing instruments

• No more than 15-year maturity, unless perpetual bonds

• Proceeds toward working and operating capital; project investments; and repaying interest-bearing debt

• Beijing-based investment holding company

PVP VENTURES LTD.:

• Rs. 5 billion of secured redeemable debentures

• Approved at board of directors meeting on April 17

• Hyderabad, India-based real estate and property development company

RED STAR MACALLINE GROUP CORP. LTD.:

• Dollar-denominated notes

• Morgan Stanley, Citigroup, CICC HK Securities, Guotai Junan International and China Merchants Securities (HK) are bookrunners

• Regulation S

• Shanghai-based operator and manager of home furnishings shopping malls

ENERGY EARTH PCL:

• 15 billion baht debentures with 10-year maturities

• May be offered in one or more tranches on revolving basis

• Bangkok-based energy company

EUROPE/CIS

April 24 Week

UNITED COMPANY RUSAL PLC:

• Dollar-denominated six-year bullet notes

• Rule 144A and Regulation S deal

• J.P. Morgan Securities plc, VTB Capital, Citi, Credit Suisse, Gazprombank, RenCap, Sberbank and Sovcombank are stabilizing managers

• Will be issued via Rusal Capital DAC, a wholly owned finance subsidiary of United Company Rusal, a Moscow-based aluminum company

TURKIYE CUMHURIYETI ZIRAAT BANKASY AS:

• Benchmark offering of dollar-denominated five-year notes

• Initial price talk in 5½% area

• BofA Merrill Lynch, Citigroup Global Markets Ltd., Erste Group Bank AG, Emirates NBD and J.P. Morgan Securities plc are stabilizing managers

• Ankara, Turkey-based state-owned bank

FIBABANKA AS:

• Dollar-denominated tier 2 issue

• $300 million expected size

• Istanbul-based private bank

CREDIT BANK OF MOSCOW:

• Dollar-denominated tier 1 bonds, non-callable for 5.5 years

• Citigroup, Credit Suisse, HSBC, ING, JPMorgan, Raiffeisen Bank International AG, Societe Generale and UnitCredit are bookrunners

• Began roadshow on Thursday

• Bank is privately owned and operating in Moscow and the Moscow region

PHOSAGRO:

• Four- or five-year tenor $500 million deal; initial price talk 4% to 4¼%

• Began roadshow on Thursday; ended Monday

• Citi, Sberbank CIB, VTB Capital, Merrill Lynch, Societe Generale, UBS and UniCredit are organizers

• Russian chemical holding company

MHP SA:

• Six- or seven-year tenor notes as part of refinancing

• Three-day roadshow begins April 24

• Launched cash tender offer for up to $350 million of $750 million 8¼% notes due 2020

• Expected to price prior to 3 a.m. ET on April 27

• Kiev, Ukraine-based agriculture-industrial company

KOKS FINANCE DAC:

• Proposed five-year loan participation notes as part of refinancing

• Began roadshow on Thursday

• Launched cash tender offer for $201,345,000 of its 10¾% notes due 2018

• Terms expected on or before May 5

• Proceeds of notes to be used to finance loan

• Subsidiary of KOKS Group, a Moscow-based merchant coke and pig iron producer

Africa/Middle East

April 24 Week

ACWA POWER MANAGEMENT AND INVESTMENTS ONE LTD.:

• To reopen dollar-denominated offering from December

• Investor calls will be conducted Monday through Friday

• Riyadh-based company that provides electricity and desalination services

SIBANYE:

• Will raise about $1 billion of debt, most likely through the bond market

• Expected to close in the first half of 2017

• Will fund its proposed acquisition of Stillwater Mining Co.

• Mining company based in Westonaria, South Africa

SENEGAL:

• Will issue a eurobond in coming weeks

• Proceeds will go toward financing infrastructure spending

© 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.