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Published on 11/18/2020 in the Prospect News Emerging Markets Daily.

Emerging Markets Calendar

AFRICA AND THE MIDDLE EAST

DELEK OVERRIDING ROYALTY LEVIATHAN LTD.:

• $180 million bond (//B+)

DAE SUKUK LTD.:

• Under Dubai Aerospace Enterprise Ltd.’s $2.5 billion trust certificate issuance program

• Sukuk (//BBB-)

DIB TIER 1 SUKUK (4) LTD.:

• Subsidiary of Dubai Islamic Bank PJSC

• Dollar-denominated benchmark offering of fixed-rate perpetual securities, non-callable for six years

• Dubai Islamic Bank, Emirates NBD Capital, First Abu Dhabi Bank, HSBC, Sharjah Islamic Bank and Standard Chartered Bank

• Bank in Dubai, United Arab Emirates

NBK TIER 2 LTD.:

• Guaranteed by parent National Bank of Kuwait SAKP

• $300 million offering of subordinated bonds with contractual point of non-viability absorption features (Baa1)

• Based in Kuwait City

OLD MUTUAL LIFE ASSURANCE CO. (SOUTH AFRICA) LTD.:

• Unsecured deferrable subordinated notes (zaA+)

• Pinelands, South Africa subsidiary of Old Mutual plc, financial services company

OMAN:

• Dollar-denominated notes in five-year and 12-year tranches

• Bank Muscat, Citi, First Abu Dhabi Bank, HSBC, Natixis, Societe Generale and Standard Chartered Bank

• Rule 144A and Regulation S

• Fixed-income investor calls begin Oct. 26

EMERGING EUROPE AND CENTRAL ASIA

PRO KAPITAL GRUPP AS:

• Second tranche of subscriptions for its five-year secured callable fixed-rate bonds

• 734,780 bonds with the aggregate nominal value of €2,057,384

• Subscription period started on Oct. 1 and ends on Oct. 28, with extension for second tranche to Nov. 6

• Maturity of Oct. 31, 2024 and an interest rate of 8%

• Tallinn, Estonia-based real estate development company

SERBIA:

• Dollar-denominated notes expected to price after Nov. 23

• Proceeds to fund tender offer

UZBEKISTAN:

• Dollar-denominated 10-year notes

• Citigroup, Gazprombank, JPMorgan, Societe Generale and VTB Capital

• Regulation S and Rule 144A

LATIN AMERICA AND THE CARIBBEAN

AUNI SAA:

• $300 million of senior unsecured notes (B+//BB-)

• Proceeds to refinance debt

• Health care company in San Borja, Peru

B2W DIGITAL LUX SARL:

• Guaranteed by parent B2W Companhia Digital SA

• Senior unsecured notes due 2030 (Ba1/BB/BB)

• Brazilian retailer

BUENOS AIRES:

• Dollar amortizing step-up bonds due 2032 up to a maximum amount of $2.34 billion, euro-denominated amortizing step-up bonds due 2032 up to a maximum of €540 million, dollar amortizing step-up bonds due 2040, euro-denominated amortizing step-up bonds due 2040, dollar-denominated interest-only securities and euro-denominated interest-only securities

• BofA Securities, Inc. and Citigroup Global Markets Inc.

• Offered in exchange for outstanding 2006 and 2015 indenture bonds

EMBRAER NETHERLANDS FINANCE BV:

• Wholly owned subsidiary of Embraer SA

• Guaranteed by Embraer SA and Yabora Industria Aeronautica SA

• Proposed 2028 benchmark sized senior unsecured bonds (//BB+)

• Proceeds for a tender for the 2022 and 2023 notes and general corporate purposes

ENA MASTER TRUST:

• $400 million notes (Baa1/BBB+/BBB+) due 2028

• Proceeds to refinance the debt of ENA Sur Trust and ENA Este Trust

• Corporation owned by Panamanian government

FEL ENERGY VI SARL (TIERRA MOJADA):

• Guaranteed by parent Ciclo Combinado Tierra Mojada, S de RL de CV

• $904 million senior secured notes due 2040 (Baa3//BBB-)

• Regulation S and Rule 144A

• Special purpose vehicle of Ciclo Combinado Tierra Mojada, S de RL de CV, which owns a gas turbine power facility in Jalisco, Mexico

FIBRA PROLOGIS:

• Proposed certificados bursatiles or senior unsecured notes

IRSA INVERSIONES Y REPRESENTACIONES SA:

• Series VII dollar-denominated 10% notes due in three years

• BACS Banco de Credito y Securitization SA, Banco Hipotecario SA, Banco de Galicia y Buenos Aires, Banco Santander Rio SA, AR Partners SA, Banco de la Provincia de Buenos Aires, Balanz Capital Valores, Puente Hnos SA, Bull Market Brokers SA and SBS Trading SA

• Real estate company based in Buenos Aires

PETROLEOS MEXICANOS (PEMEX):

• Proposed $1 billion of notes due 2026

• Proceeds are expected to be used for general corporate purposes, including the repayment of debt

ASIA

AVIVA SINGLIFE HOLDINGS PTE. LTD.:

• Subordinated notes (Baa3)

• Singapore life insurer

BANK OF COMMUNICATIONS CO., LTD.:

• Dollar-denominated undated capital bonds (//B+)

• Shanghai-based bank

BANPU PCL:

• Singapore branch of guarantor Bangkok Bank pcl

• Perpetual securities (Baa2)

CHINA AOYUAN GROUP LTD.:

• Dollar-denominated senior notes (//B)

• Proceeds to refinance debt

• Guangzhou, China investment holding company

CHINA GEZHOUBA GROUP (HONG KONG) OVERSEAS INVESTMENT CO., LTD.:

• Guaranteed by parent China Gezhouba Group Co. Ltd.

• Subordinated perpetual securities (Baa3)

• Proceeds for overseas project financing and general corporate purposes

• Infrastructure construction services

CHINA RESOURCES PHARMACEUTICAL HOLDINGS CO. LTD.:

• Subsidiary of China Resources Pharmaceutical Group Ltd.

• RMB 1 billion of perpetual bonds with a coupon of 3.79%

• Proceeds to repay debt.

• Pharmaceutical company with office in Hong Kong and Beijing

EMPIRE RESORTS, INC.:

• $475 million of five-year senior secured notes

• Guidance of yield of 8% to 8¼%

• BNP Paribas, Citigroup and DBS Bank

• Rule 144A and Regulation S

FAR EAST CONSORTIUM INTERNATIONAL LTD.:

• Dollar-denominated notes

• AMTD Global Markets, Ltd. BNP Paribas, Credit Suisse (Hong Kong) Ltd., DBS Bank Ltd., Guotai Junan Securities (Hong Kong) Ltd., Haitong International Securities Co. Ltd., HSBC Ltd., Oversea-Chinese Banking Corp. Ltd., Mizuho Securities Asia Ltd. and UBS AG Hong Kong Branch

• Hong Kong-based business conglomerate

HAIDILAO INTERNATIONAL HOLDING LTD.:

• Dollar-denominated notes

• Regulation S offering

• Hot pot restaurants based in Jianyang, Sichuan, China

HUATAI INTERNATIONAL FINANCIAL HOLDINGS CO. LTD.:

• Guaranteed by Huatai International Financial Holdings Co. Ltd.

• $3 billion medium term note program

• Financial services company based in Nanjing, China

HUAXIN CEMENT INTERNATIONAL FINANCE CO. LTD.:

• Guaranteed by parent Huaxin Cement Co., Ltd.

• Notes (Baa1)

• Proceeds for investments and general corporate purposes

• Wuhan-China based manufacturer of building materials

INDUSTRIAL & COMMERCIAL BANK OF CHINA LTD.:

• Dollar-denominated additional tier 1 capital

KAISA GROUP HOLDINGS LTD.:

• Add-on to 11.95% senior notes due 2023 (ISIN: XS2078247983)

• Credit Suisse (Hong Kong) Ltd., Deutsche Bank AG, Singapore Branch, Haitong International Securities Co. Ltd., China Citic Bank International Ltd., BOCI Asia Ltd. and Huatai Financial Holdings (Hong Kong) Ltd.

• Proceeds to fund redemption of 6¾% senior notes due 2021

• Shenzhen, China-based property development company

KOREA EXPRESSWAY CORP.:

• Senior unsecured Australian dollar-denominated notes

LINK FINANCE (CAYMAN) 2009 LTD.:

• Guaranteed by parent Link Real Estate Investment Trust

• Medium-term notes (//A)

• Real estate investment trust in Hong Kong

PANDITA INDUSTRIES LTD.:

• Proposed $200 million of unsecured unsubordinated bonds

• Guaranteed by several of its subsidiaries

PUMA INTERNATIONAL FINANCING SA:

• Five-year bond

• Proceeds to repay the outstanding term loan B

RENEW WIND ENERGY (JADESWAR) PRIVATE LTD.:

• Senior secured notes

• Indian rupee-denominated bonds will be settled in U.S. dollars

• Proceeds to repay its senior and shareholder debt and for on-lending to ReNew Power group companies

SHANDONG HI-SPEED GROUP (HONG KONG) CO., LTD.:

• Keepwell and liquidity support deed and a deed of equity interest purchase undertaking from parent Shandong Hi-speed Group Co., Ltd.

• Dollar-denominated bond (//A)

• Proceeds to refinance debt and for general corporate purposes

• Jinan China provider of transport infrastructure construction services

SINO TRENDY INVESTMENT LTD.:

• Guaranteed by Guangxi Communications Investment Group Corp. Ltd.

• Dollar-denominated notes

• Proceeds will be used to repay medium and long-term offshore indebtedness

WUHAN TRADING GROUP CO., LTD.:

• Dollar-denominated senior unsecured notes (//BBB+)

• Proceeds for refinancing offshore debt, working capital and general corporate purposes

• Hong Kong-based wholesale trading group

YILI INDUSTRIAL GROUP LTD.:

• Guaranteed senior unsecured notes (A3/A-)

• Proceeds for refinancing and general corporate purposes

• Hohhot, China dairy producer

ZHONGYUAN ZHICHENG CO., LTD.:

• Guaranteed by parent Zhongyuan Yuzi Investment Holding Group Co., Ltd.

• Dollar-denominated notes (A2//A)

• Proceeds to refinance offshore debt and invest in low-income housing, infrastructure and manufacturing projects in Henan

• Zhengzhou, China-based investor in urban and rural construction, industrial zones, land consolidation, sewage treatment, and other businesses


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