Emerging markets calendar

NOVEMBER 16 WEEK

CENTRAL EUROPEAN DISTRIBUTION CORP. (CEDC): €580 million equivalent in dollar- and euro-denominated senior notes due 2016; Goldman Sachs & Co. (left books), Citigroup, Deutsche Bank (joint), UBS Investment Bank (co); non-callable for four years; also concurrent offering of 9.5 million common shares; to purchase Lion Capital's remaining stake in Russian Alcohol Group and to repay debt including CEDC's outstanding secured notes due 2012; Poland-based beverage producer and distributor; U.S. roadshow began Nov. 9 week, Europe roadshow Nov. 16-19, pricing after that.

PT CHANDRA ASRI PETROCHEMICAL: $250 million five-year bonds; DBS Securities, Deutsche Bank; roadshow week of Oct. 26; Jakarta, Indonesia, ethylene and propylene producer.

EL SALVADOR (Ba1/BB/BB): Benchmark dollar-denominated 10-year notes; Citigroup, JP Morgan; Rule 144A/Regulation S; roadshow Nov. 17 in Boston, Nov. 18 in New York, Nov. 19 on US West Coast; pricing subject to market conditions.

GERDAU HOLDINGS, INC.: Benchmark dollar-denominated notes (expected /BBB-/BBB-); HSBC, Santander, Itau, Bank of America Merrill Lynch, Citigroup, JP Morgan; Rule 144A/Regulation S; launch subject to market conditions; roadshow Nov. 13 in Switzerland, Nov. 16 in Los Angeles and London, Nov. 17 in New York and Boston; Delaware-based steel holding company.

STATE OF QATAR (Aa2/AA-): Benchmark dollar-denominated notes due 2015, price guidance Treasuries plus 190 bps area, due 2020, guidance Treasuries plus 195 bps area, and due 2040, guidance Treasuries plus 215 bps area; Barclays Capital, Credit Suisse & Co., Goldman Sachs, JP Morgan, QNB; Rule 144A/Regulation S; for general funding purposes, including contingency funding for entities that are owned or controlled by the state, to fund various infrastructure investments in Qatar, and to fund the continued growth of Qatar's hydrocarbon sector as well as potential investments in the international oil and gas industry; pricing Nov. 16 week.

NOVEMBER 23 WEEK

POWER SECTOR ASSETS AND LIABILITIES MANAGEMENT CORP. (PSALM): Up $600 million of dollar-denominated guaranteed global bonds due 2024 (Ba3//) for cash; part of exchange offer for existing debt; Development Bank of the Philippines, Morgan Stanley & Co. International and UBS AG (joint books); spread, coupon and principal amount for the new bonds to be announced on Nov. 23; also up to $600 million of global bonds due 2024 to be issued in exchange; proceeds from the cash sale will be used for general corporate purposes, including servicing payments as part of contracts with independent power producers; Manila, Philippines-based government-run power company.

ON THE HORIZON

GULF INVESTMENT BANK: Expected dollar-denominated bonds or sukuk offering; Barclays Capital, GIB Financial, HSBC, UBS; timing and structure to be determined.

FIRST GULF BANK: Expected bond offering; BNP Paribas, Citibank, Deutsche Bank, HSBC; timing and structure to be determined.

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.

ROADSHOWS

Nov. 13-17: GERDAU HOLDINGS, INC.: benchmark dollar-denominated notes; HSBC, Santander, Itau, Bank of America Merrill Lynch, Citigroup; JP Morgan.

Until Nov. 19: CENTRAL EUROPEAN DISTRIBUTION: €580 million offering of dollar- and euro-denominated seven-year senior notes; Goldman Sachs (lead), Citigroup and Deutsche Bank Securities (joint), UBS Investment Bank (co-manager).

Month of November: RUSSIA: $17.8 billion global bonds for 2010.

Nov. 17-19: EL SALVADOR: Benchmark dollar-denominated 10-year notes; Citigroup, JP Morgan

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