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Emerging markets calendar
NOVEMBER 2 WEEK
AGILE PROPERTY: Dollar-denominated senior unsecured notes (Ba3); Bank of America Merrill Lynch, HSBC; Rule 144A/Regulation S; roadshow started Oct. 28 in Asia, Europe and the United States; Hong Kong-based land developer.
AXIS BANK (Baa2/BBB-/): Dollar-denominated benchmark offering; Barclays, HSBC, JPMorgan, Standard Chartered Bank; Regulation S only; roadshow Oct. 26-28 in Singapore, Hong Kong and London; Mumbai, India-based bank.
BUKIT MAKMUR MANDIRI UTAMA (BUMA): $300 million to $350 million offering of five-year senior unsecured notes (Ba3//BB-); Barclays Capital, Deutsche Bank, ING; Rule 144A/Regulation S; non-callable for three years; change-of-control put at 101% if Delta Dunia ceases to own 100% of BUMA; proceeds for debt refinancing, an intercompany loan and working capital; price talk at 11æ% to 12% area; Jakarta, Indonesia, coal mining company.
PACIFIC RUBIALES ENERGY CORP.: $400 million seven-year senior notes (expected /BB-/B+); Bank of America Merrill Lynch, Citigroup; co-managers BNP Paribas, Griffiths McBurney Corp., RBC Capital Markets; amortization in years five and six at 33.33% and year seven at 33.34%; Regulation 144A/Regulation S; producer of natural gas and heavy crude oil in Colombia; pricing expected this week.
PT BUMI RESOURCES TBK: Benchmark dollar-denominated notes due 2016 (Ba3/BB); Credit Suisse, Deutsche Bank; Rule 144A/Regulation S; to fund capital expenditures and eventual acquisitions, provide working capital and general corporate purposes; state-owned Indonesian electric utility; roadshows continue Nov. 3 in Singapore and Boston, Nov. 4 in London and New York.
PT CHANDRA ASRI PETROCHEMICAL: $250 million bond issue; DBS Securities, Deutsche Bank; roadshow week of Oct. 26; pricing soon after; Jakarta, Indonesia, ethylene and propylene producer.
INVERSIONES CMPC (EMPRESAS CMPC SA, guarantor): $500 million maximum senior unsecured notes due 2019 (Baa2/BBB+/BBB+); BNP Paribas, JPMorgan, Santander; Rule 144A/Regulation S; to fund acquisition of forestry and industrial assets from Aracruz; Chilean pulp and paper manufacturer; launched at Treasuries plus 275 bps on Oct. 29.
NET SERVICOS DE COMUNICACAO: $350 million 10-year bonds; Citigroup, ING Groep NV, Banco Itau; non-callable for five years; proceeds for general business purposes; cable services provider based in Sao Paulo.
VALE OVERSEAS: Dollar-denominated benchmark offering of guaranteed senior unsecured notes (Baa2/BBB+/BBB); due 2039; JP Morgan, Deutsche Bank, HSBC; SEC-registered; proceeds for general corporate purposes; part of Vale SA, a mining company based in Rio de Janeiro, Brazil.
NOVEMBER 9 WEEK
COMMERCIAL BANK OF QATAR: Dollar-denominated bonds; Credit Suisse, Morgan Stanley; Doha, Qatar-based lender; expected to price Nov. 9 week.
ON THE HORIZON
DOMINICAN REPUBLIC: Expected benchmark dollar-denominated sovereign global bonds; Barclays Capital, Citigroup; timing and structure to be determined.
IRAN: €1 billion of global bonds; to help finance development of the South Pars field, its largest natural gas field; expected by December.
ISLAMIC DEVELOPMENT BANK: Bond deal; BNP Paribas, Deutsche Bank, HSBC; Jeddah, Saudi Arabia, financial institution.
ROMANIA: Benchmark-sized euro-denominated bonds; Deutsche Bank, EFG Eurobank, HSBC; expected 2009 business.
SLOVENIA: Euro-denominated benchmark-sized bond (Aa2/AA/AA); HSBC, RBS, Societe Generale, UniCredit Banka Slovenija (joint books).
LOCAL CURRENCY
PT SALIM IVOMAS PRATAMA: Rp 1 trillion of five-year fixed-rate bonds; PT Danareksa, PT CIMB Securities Indonesia, PT Kim Eng Securities, PT Mandiri Sekuritas and PT OSK Nusadana Securities Indonesia are bookrunners; South Jakarta, Indonesia-based agribusiness group.
JSC POLYMETAL: RUB 5 billion of three-year bonds; Saint Petersburg, Russia-based mining company.
REGIONAL CONTAINER LINES PCL: 5 billion baht five-year unsecured unsubordinated debentures; Bangkok-based shipping company.
Through Nov. 4: PT BUMI RESOURCES TBK: Benchmark dollar-denominated notes due 2016; Credit Suisse, Deutsche Bank
ROADSHOWS
Week of Nov. 3: PT BUMI RESOURCES TBK: Benchmark dollar-denominated notes due 2016 (Ba3/BB); Credit Suisse, Deutsche Bank; Nov. 3 in Singapore and Boston, Nov. 4 in London and New York.
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