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Published on 2/26/2013 in the Prospect News Emerging Markets Daily.

Emerging markets calendar

AFRICA & MIDDLE EAST

Feb. 25 Week

DUBAI ELECTRICITY AND WATER AUTHORITY: $1 billion sukuk notes; Standard Chartered Bank, Citigroup, RBS, Emirates NBD, Dubai Islamic Bank, Abu Dhabi Islamic Bank; Regulation S; whispered at low-3% area; roadshow week of Feb. 25; proceeds to refinance debt and invest in company projects.

March

ABU DHABI NATIONAL ENERGY CO. (TAQA): $800 million bonds; proceeds to refinance existing debt.

2013

ZAMBIAN ELECTRICITY SUPPLY CORP. LTD. (ZESCO): International bond issue; power company based in Lusaka, Zambia.

BAHRAIN TELECOMMUNICATIONS CO. (BATELCO): Dollar notes; BNP Paribas, Citigroup.

GHANA: $750 million notes; proceeds to refinance outstanding $750 million bond due 2017.

SENEGAL: Possible issue of international bonds.

On The Horizon

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

REPUBLIC OF ANGOLA: Up to $2 billion of notes.

ASIA

Feb. 25 Week

BHARTI AIRTEL LTD.: Dollar notes; Barclays, BNP Paribas, Citigroup, Deutsche Bank, HSBC, Standard Chartered Bank, UBS; Rule 144A/Regulation S; roadshow started Feb. 25; mobile telecommunications company based in New Delhi.

HDFC BANK LTD.: Notes; BofA Merrill Lynch, Citigroup, JPMorgan, Standard Chartered Bank; roadshow started Feb. 25; Regulation S; Mumbai-based bank.

SHUN TAK HOLDINGS LTD.: Dollar notes; Credit Agricole, HSBC; roadshow started Feb. 22; proceeds will be used for general corporate purposes; Hong Kong-based investment holding company.

BANK OF COMMUNICATIONS: Dollar notes (expected ratings: A3/A-/); Bank of Communications, BOCOM International, HSBC, Morgan Stanley, Standard Chartered Bank, UBS; Regulation S; roadshow started Feb. 20; price talk set at Treasuries plus 195 bps area; proceeds for general corporate purposes; lender based in Shanghai.

BANK OF INDIA: Dollar notes; Barclays, Citigroup, HSBC, Deutsche Bank, JPMorgan, BofA Merrill Lynch; roadshow upcoming; lender based in Mumbai.

CITIC TELECOM INTERNATIONAL HOLDINGS LTD.: Dollar notes; Deutsche Bank, Standard Chartered Bank, UBS; Regulation S; talked at 6% area; proceeds to finance acquisitions; telecommunications services provider based in Hong Kong.

EXPORT IMPORT BANK OF MALAYSIA: $1 billion Islamic bonds; HSBC, Nomura Securities, BNP Paribas, Malayan Banking, CIMB Group.

On The Horizon

VINGROUP JSC: Dollar notes due in five years (/B+/B); Credit Suisse, Citigroup; non-callable for three years; Rule 144A/Regulation S; real estate company based in Hanoi, Vietnam.

EMERGING EUROPE & CENTRAL ASIA

Feb. 25 Week

RENAISSANCE CONSUMER FUNDING LTD.: Tap of dollar 13 ½% notes due in June of 2018; Goldman Sachs; Regulation S-only; part of Renaissance Credit Group, a financial services company based in Moscow.

DONETSKY METALURGICHESKY SAVOD: $500 million notes; Donetsk, Ukraine-based steel products provider.

TURKIYE GARANTI BANKASI AS: Turkish lira-denominated notes; BNP Paribas, Deutsche Bank, Goldman Sachs, Mitsubishi UFJ Securities, Standard Chartered Bank; Rule 144A/Regulation S; roadshow Feb. 26-27;

LENTA LTD.: Possible notes; retail company based in St. Petersburg, Russia.

NORILSK NICKEL: RUB 35 billion three-year notes; talked at 7.9% to 8.11%; Moscow-based nickel company.

March

CROATIA: Bonds; BofA Merrill Lynch, Deutsche Bank, Goldman Sachs, JPMorgan.

2013

ARCELIK AS: Up to $1 billion of bonds; household appliances manufacturer based in Sutluce, Turkey.

TURKIYE HALK BANKASI (HALKBANK): Lira-denominated notes; state-owned lender based in Ankara, Turkey.

REPUBLIC OF TATARSTAN: Up to $200 million in dollar-denominated Islamic bonds.

INDONESIA: Dollar notes; Deutsche Bank, JPMorgan, Standard Chartered Bank.

SLOVENIA: Up to $4 billion in dollar and euro bonds; proceeds to repay maturing debt, for budget financing and for the recapitalization of the country's banking sector.

SEKERBANK TAS: Up to $500 million of bonds; lender based in Istanbul.

ASYA KATILIM BANKASI AS (BANK ASYA): Dollar-denominated issue of sukuk notes; lender based in Istanbul.

CITY OF PRAGUE: €200 million 10-year notes; CSOB, UniCredit Bank Czech Republic; issuance expected in the first quarter of the year.

ALBARAKA TURK KATILIM BANKASI AS: $200 million five-year notes; banking group based in Istanbul.

AKBANK TAS: Up to $1 billion of eurobonds by the end of the year; BofA Merrill Lynch, Citigroup, Deutsche Bank, HSBC, JPMorgan; roadshow ahead; Adana, Turkey-based lender.

KAZAKHSTAN: $1 billion of notes during the first half of 2013.

On The Horizon

LATVIA: $4 billion notes in 2013 or 2014; proceeds to refinance the sovereign's 2014 bonds and its bailout from the International Monetary Fund and the European Union.

PT INDIKA TBK: Dollar notes due in 10 years (B1); Jakarta, Indonesia-based energy company.

LATIN AMERICA & THE CARIBBEAN

2013

DOMINICAN REPUBLIC: Possible notes.

Roadshows

Started Feb. 20: BANK OF COMMUNICATIONS: Dollar notes.

Started Feb. 22: SHUN TAK HOLDINGS LTD.: Dollar notes; Credit Agricole, HSBC.

Started Feb. 25: BHARTI AIRTEL LTD.: Notes; Barclays, BNP Paribas, Citigroup, Deutsche Bank, HSBC, Standard Chartered Bank, UBS.

Started Feb. 25: HDFC BANK LTD.: Dollar notes; BofA Merrill Lynch, Citigroup, JPMorgan, Standard Chartered Bank.

Week of Feb. 25: DUBAI ELECTRICITY AND WATER AUTHORITY: $1 billion sukuk notes; Standard Chartered Bank, Citigroup, RBS, Emirates NBD, Dubai Islamic Bank, Abu Dhabi Islamic Bank.


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