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Published on 11/21/2012 in the Prospect News Emerging Markets Daily.

Emerging markets calendar: Investor presentations ahead for Turkey's Yapi Kredi

AFRICA & MIDDLE EAST

Nov. 26 Week

GULF INVESTMENT CORP.: Dollar benchmark notes due in 2017 (Baa2//BBB); BNP Paribas, Citigroup, National Bank of Abu Dhabi, Standard Chartered Bank; roadshow Nov. 18-20; talked at mid-swaps plus mid- to high-200 bps area; financial services company based in Kuwait.

INTERNATIONAL PETROLEUM INVESTMENT CO.: Dollar notes, possibly euro notes; BNP Paribas, JPMorgan, National Bank of Abu Dhabi, Natixis, RBS, Unicredit; Regulation S; roadshow Nov. 15-22; Abu Dhabi government-owned investment vehicle.

CHINA COSCO HOLDINGS CO. LTD.: Dollar notes; BOCI, HSBC; roadshow started on or near Nov. 20; proceeds to on-lend to offshore subsidiaries and affiliates for their general corporate purposes; Regulation S; Beijing-based shipping company.

November

MOROCCO: $700 million to $1 billion of notes.

GULF INTERNATIONAL BANK: Dollar notes; Gulf International Bank, JPMorgan, National Bank of Abu Dhabi, Barclays, Standard Chartered and Societe Generale.

2012

ISRAEL: $1 billion to $1.5 billion of notes.

REPUBLIC OF LEBANON: $2 billion bonds in 2012; Deutsche Bank, Fransa Bank, Standard Chartered.

ABU DHABI NATIONAL ENERGY CO. (TAQA): Dollar notes; BNP Paribas, Citigroup, HSBC, National Bank of Abu Dhabi, Standard Chartered.

On The Horizon

DUBAI ELECTRICITY AND WATER AUTHORITY: Sukuk notes.

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

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

ASIA

Nov. 26 Week

ALIBABA GROUP: At least $1 billion notes; Securities and Exchange Commission registered; e-commerce group based in Hangzhou, China.

BEIJING CAPITAL LAND LTD.: Renminbi notes; HSBC; Regulation S; roadshow began Nov. 21; proceeds for an escrow account, for working capital and for general corporate purposes; China-based integrated property owner.

CHINA CONSTRUCTION BANK CORP.: Benchmark-sized renminbi notes due 2015 (A/A1/A); CCBI, BNP Paribas, HSBC, ICBC; Regulation S; talked at 3.3% area; lender based in Beijing.

MONGOLIA: Up to $5 billion of bonds (B1/BB-/B+); proceeds for infrastructure and utility projects.

EMERGING EUROPE & CENTRAL ASIA

Nov. 26 Week

REPUBLIC OF LATVIA: Notes; Barclays, Deutsche Bank, JPMorgan.

CIECH GROUP FINANCING AB (CIECH S.A.): Approximately PLN 1.3 billion equivalent of euro-denominated senior secured notes due 2019 and PLN-denominated senior secured domestic bonds due 2017 (B2/B/); Credit Suisse (bill and deliver, joint books), Barclays (joint books); Rule 144A and Regulation S; to repay bank and bond debt; Warsaw, Poland-based soda ash producer; pricing mid-to-late Nov. 19 week following roadshow.

YAPI VE KREDI BANKASI AS: Subordinated notes (expected: //BBB-); Bank of America Merrill Lynch, Mitsubishi UFJ Securities, Morgan Stanley, Unicredit; roadshow Nov. 26; Istanbul-based lender.

2012

OAO NOVATEK: $1 billion notes; independent gas producer based in Tarko-Sale, Russia.

OAO ROSNEFT: Possible notes; oil company based in Moscow.

SEKERBANK TAS: Possible public covered bonds; lender based in Istanbul.

2013

CITY OF PRAGUE: €200 million 10-year notes; issuance expected in the first quarter of the year.

LATIN AMERICA & THE CARIBBEAN

November

COSTA RICA: Up to $4 billion of bonds over the next 10 years, with $500 million by November.

2013

CENTRAL AMERICAN BANK FOR ECONOMIC INTEGRATION (CABEI): Possible three- to five-year issue of up to RMB 500 million notes; microfinance lender based in Tegucigalpa, Honduras.

Roadshows

Nov. 15-22: INTERNATIONAL PETROLEUM INVESTMENT CO.: Dollar notes, possibly euro notes; BNP Paribas, JPMorgan, National Bank of Abu Dhabi, Natixis, RBS, Unicredit.

Nov. 18-20: GULF INVESTMENT CORP.: Dollar benchmark notes due in 2017; BNP Paribas, Citigroup, National Bank of Abu Dhabi, Standard Chartered Bank.

Nov. 19 week: CHINA COSCO HOLDINGS CO. LTD.: Dollar notes; BOCI, HSBC.

Started Nov. 21: BEIJING CAPITAL LAND LTD.: Renminbi notes; HSBC.

Nov. 26: YAPI VE KREDI BANKASI AS: Subordinated notes; Bank of America Merrill Lynch, Mitsubishi UFJ Securities, Morgan Stanley, Unicredit.


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