Emerging markets calendar

MAY 23 WEEK

AGROTON PLC: Dollar notes due 2014; VTB Capital, Dragon Capital; Regulation S; roadshow started May 10; talked at 12% area; vertically integrated agriculture company based in Lugansk, Ukraine.

BYBLOS BANK: $300 million 10-year notes; Byblos Bank; talked at 7% yield; proceeds for general corporate purposes; lender based in Beirut, Lebanon.

PETROLEOS MEXICANOS SAB DE CV (PEMEX): $1.25 billion notes due June 2041 (Baa1/BBB/BBB); Goldman Sachs, JPMorgan, RBS; roadshow May 9-11; launched at Treasuries plus 228 bps; petrochemical company based in Mexico City.

CHINA QINFA GROUP LTD.: $150 million to $200 million five-year notes; UBS; Rule 144A/Regulation S; non-callable for three years; roadshow started May 4; proceeds for general corporate purposes, to refinance existing debt, for potential acquisitions and for capital expenditures; talk set at 11% area; coal company based in Hong Kong.

MORGAN STANLEY: Real-denominated notes due May 2015; Morgan Stanley, Itau; Rule 144A/Regulation S; payable in dollars.

NITROGENMUVEK ZRT: Possible notes; BNP Paribas; roadshow May 11-13; fertilizer producer based in Petfurdo, Hungary.

VTB BANK: Singapore dollar-denominated notes due in three to five years; OCBC, VTB Capital; roadshow May 23-24; lender based in Moscow.

LONKING HOLDINGS LTD.: Dollar five-year senior notes; Credit Suisse; Rule 144A/Regulation S; roadshow started on or near May 18; non-callable for three years; construction machinery manufacturer based in Fujian, China.

GCL-POLY ENERGY HOLDINGS LTD.: Dollar fixed-rate senior notes (expected ratings: /BB/BBB-); RBS, Standard Chartered Bank, BOC International, BNP Paribas; Rule 144A/Regulation S; roadshow started on or near May 18; proceeds for capital expenditures, refinancing debt, general corporate purposes; green energy supplier based in Hong Kong.

OJSC RUSSIAN AGRICULTURAL BANK: Dollar subordinated notes; Barclays Capital, JPMorgan, VTB Capital; Rule 144A/Regulation S; roadshow started May 18; Moscow-based lender.

TAM CAPITAL 3 INC.: Dollar benchmark notes due 2021; BTG Pactual, Santander, BB Securities; roadshow May 20-25; non-callable for five years; guaranteed by TAM Linhas Aereas SA and TAM SA, a Sao Paulo-based airline.

CENTRAIS ELETRICAS DO PARA SA (CELPA): Five-year dollar notes (B3//B); Bradesco BBI, HSBC, Itau, Standard Bank; Rule 144A/Regulation S; roadshow May 19-25; proceeds for repayment of short-term debt; non-callable for three years; change-of-control put at 101%; power generator based in Coquiero, Brazil.

OGX PETROLEO E GAS PARTICIPACOES SA: $2 billion notes due 2018 (expected ratings: B1//B+); Credit Suisse, HSBC, Itau, JPMorgan; roadshow May 20-25; pricing expected May 26; Rule 144A/Regulation S; proceeds to fund production and development and for general corporate purposes; non-callable for three years; Brazil-based oil and gas exploration and production company.

VEDANTA RESOURCES: Five- and 10-year benchmark dollar notes (/BB/BB); Barclays Capital, Citigroup, Credit Suisse, RBS, Standard Chartered Bank; roadshow started May 23; Rule 144A/Regulation S; change-of-control put at 101%; London-based company that operates India's largest mining and non-ferrous metals company.

MAY

FIRSTRAND BANK LTD.: Possible notes; FirstRand Bank, JPMorgan, Mitsubishi UFJ Securities, Standard Chartered Bank, UBS; roadshow May 9-11; lender based in Sandton, South Africa.

INDUSTRIAL DEVELOPMENT BANK OF INDIA LTD. (IDBI BANK): $250 million seven-year notes; Swiss franc-denominated notes; BNP Paribas, Credit Suisse, UBS; lender based in Mumbai, India.

HSBC BANK MIDDLE EAST LTD: Dollar sukuk notes; HSBC; provides banking services in the United Arab Emirates.

JUNE

STATE OIL CO. OF AZERBAIJAN (SOCAR): $500 million notes; state-owned oil and gas company based in Baku, Azerbaijan.

JULY

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

CELULOSA ARGENTINA SA: Up to $150 million seven-year notes; Citigroup, Credit Suisse; paper and pulp company based in Martinez, Argentina.

SEPTEMBER

ANGOLA: $500 million notes.

THE REPUBLIC OF KAZAKHSTAN: Dollar sukuk notes.

OCTOBER

POLSKIE GORNICTWO NAFTOWE I GAZOWNICTOW (PGNIG): €500 million bonds; BNP Paribas, Societe Generale, Unicredit; Poland-based natural gas company.

2011

SERBIA: $1 billion bonds.

REPUBLIC OF POLAND: Euro- or dollar-denominated notes.

SAUDI ELECTRICITY CO.: $1 billion to $1.5 billion sukuk notes; Saudi Arabia-based power generator and distributor.

REPUBLIC OF SRI LANKA: Dollar 10-year notes.

EGYPT: $1 billion notes due 2016.

QATAR ISLAMIC BANK: $1 billion sukuk notes with tenor of more than five years; lender based in Doha, Qatar.

2012

TOURISM DEVELOPMENT & INVESTMENT CO.: $1 billion notes; proceeds for construction and other projects; developer based in Abu Dhabi.

DOHA BANK: $500 million bonds; JPMorgan, Morgan Stanley; Qatar-based lender.

ON THE HORIZON

CZECH RAILWAYS: €300 million notes; Barclays Capital, Erste, Societe Generale; Prague-based rail company.

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

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

GLOBAL BIO-CHEM TECHNOLOGY GROUP CO. LTD.: Bonds; HSBC; Regulation S; proceeds for repayment of existing debt; Hong Kong-based manufacturer and seller of corn-related products.

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.

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.

PROVINCE OF BUENOS AIRES: $500 million bonds.

GLOBAL DAIRY HOLDINGS LTD.: Renminbi notes; Bank of America 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.

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.

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.

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.

UNITED GULF BANK: Bonds; Standard Chartered; Bahrain-based lender and subsidiary of Kuwait-based Kipco.

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 May 4: CHINA QINFA GROUP LTD.: $150 million to $200 million five-year notes; UBS.

May 9-11: FIRSTRAND BANK LTD.: Possible notes; Mitsubishi UFJ Securities.

May 9-11: PETROLEOS MEXICANOS SAB DE CV (PEMEX): $1.25 billion notes due June 2041; BNP Paribas, Deutsche Bank.

Started May 10: AGROTON PLC: Dollar notes; VTB Capital, Dragon Capital.

May 11-13: NITROGENMUVEK ZRT: Possible notes; BNP Paribas.

Started on or near May 18: LONKING HOLDINGS LTD.: Dollar five-year senior notes; Credit Suisse.

Started on or near May 18: GCL-POLY ENERGY HOLDINGS LTD.: Dollar fixed-rate senior notes; RBS, Standard Chartered Bank, BOC International, BNP Paribas.

Started May 18: OJSC RUSSIAN AGRICULTURAL BANK: Dollar subordinated notes; Barclays Capital, JPMorgan, VTB Capital; Rule 144A/Regulation S; roadshow started May 18; Moscow-based lender.

May 19-25: CENTRAIS ELETRICAS DO PARA SA (CELPA): Five-year dollar notes; Bradesco BBI, HSBC, Itau, Standard Bank.

May 20-25: OGX PETROLEO E GAS PARTICIPACOES SA: $2 billion notes due 2018; Credit Suisse, HSBC, Itau, JPMorgan.

May 20-25: TAM CAPITAL 3 INC.: Dollar benchmark notes due 2021; BTG Pactual, Santander, BB Securities.

Started May 23: VEDANTA RESOURCES: Five- and 10-year benchmark dollar notes; Barclays Capital, Citigroup, Credit Suisse, RBS, Standard Chartered Bank.

May 23-24: VTB BANK: Singapore dollar-denominated notes due in three to five years; OCBC, VTB Capital.

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