Emerging markets calendar: Odebrecht offers $200 million 10-year bonds

WEEK OF OCTOBER 8

BANCO DE CREDITO DEL PERU: $160 million nuevo sol-denominated 15-year subordinated bond (Baa3/BB+/BB+); Morgan Stanley; Rule 144A/Regulation S; non-callable for 10 years; interest rates fixed for the first 10 years, then adjusted semi-annually to 150 bps plus yield to maturity of Peru's sovereign due 2037; Lima, Peru-based commercial and investment bank; roadshow held in London on Oct. 1, in New York on Oct. 2, Los Angeles on Oct. 3 and Boston on Oct. 4; pricing to follow.

GRUPO KUO SAB de CV: $200 million 10-year senior unsecured bonds (BB-/BB-); Credit Suisse Citigroup (joint books); Rule 144A/Regulation S deal; non-callable for five years, then at a premium declining to par in three years, make-whole call at Treasuries plus 50 bps; Bosques de las Lomas, Mexico-based holding company which manufactures auto parts, chemicals and food products; roadshow will be held Oct. 2 on the U.S. west coast, Oct. 3 in New York, Oct. 4 in Boston, Oct. 5 in London, and Oct. 8 in London and Europe.

IMPSA: $250 million seven-year amortizing senior unsecured bonds (//B); non-callable for four years; Merrill Lynch; pricing expected Oct. 10; Mendoza, Argentina-based wind and hydropower producer.

ODEBRECHT FINANCE SA: $200 million in 10-year senior unsecured notes (BB+/BB); Deutsche Bank, Credit Suisse (joint books); Rule 144A/Regulation S; high yield-style calls in year five; proceeds will be used to fund subsidiaries' activities; Bahia, Brazil-based engineering and construction company; roadshow will be held between Oct. 8 and Oct. 10 in London, Boston, New York, the New York area, and Los Angeles.

OCTOBER

AZERBAIJAN: Debut sovereign bond issue (Ba1//BB+); Deutsche Bank, Citigroup (joint books); expected September-October business.

HANG FUNG GOLD TECHNOLOGIES LTD.: $150 million seven-year senior notes (Ba3/BB/); non-callable for four years; HSBC; Regulation S; proceeds to repay existing debt and to expand the number of retail outlets in China; Hong Kong-based jewelry manufacturer and retailer; Asian roadshow to be held from Oct. 4 to Oct. 10.

OAO GAZPROM: Benchmark-sized eurobond; Citigroup, Societe Generale (joint books); expected in

October; Moscow-based oil company.

GERDAU: Between $500 million and $1 billion 10-year bond (Ba2//BBB-); JP Morgan; Porto Alegre, Brazil-based steel manufacturer.

VIETNAM: 10-year local-currency sovereign worth up to $1 billion, expected; Barclays, Citigroup, Deutsche Bank (joint books); deal expected in September.

ON THE HORIZON

BANK MANDIRI: $300 million three-year deal; expected in October or November; Jakarta, Indonesia-based commercial and retail bank.

BMCE: Euro-dominated 10-year fixed-rate bonds; non-callable for five-years; Casablanca, Morocco-based commercial and investment bank.

CIKARANG LISTRINDO: $425 million seven-year senior secured note issue (Ba3/BB-/); UBS; proceeds for debt refinancing, capex and general corporate purposes; Jakarta, Indonesia-based natural gas and electricity company; roadshow ended July 24, pricing to follow.

EMPRESA DE TELECOM DE BOGOTA: Dollar-dominated fixed-rate bonds.

HUNGARY: Benchmark-sized samurai bond (A2/BBB+/BBB+); Mizuho Securities, Nikko Citigroup (joint books); proceeds for general financing.

LITHUANIA: Benchmark-sized euro-dominated bond; Societe General, UBS (joint books).

ROADSHOWS

Oct. 2-Oct. 8: GRUPO KUO SAB de CV: $200 million 10-year senior bonds; Credit Suisse Citigroup (joint books)

Oct. 4-Oct. 10: HANG FUNG GOLD TECHNOLOGIES LTD.: $150 million seven-year senior notes

Oct. 8-Oct. 10: ODEBRECHT FINANCE SA: $200 million in 10-year senior unsecured notes; Deutsche Bank, Credit Suisse (joint books)

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