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Emerging markets calendar: Czech Republic plans benchmark euro offer
FEBRUARY
CZECH REPUBLIC: €1 billion eurobond (A1/A/A+); Barclays Capital, Ceska Sporitelna, Deutsche Bank (joint books)
ON THE HORIZON
BANCO DE ORO: $150 million bond, possible upsize to $200 million; proceeds to refinance debt; Manila, Philippines-based commercial and retail bank.
EGYPT: Egyptian pound-denominated eurobonds (Ba1/BB+/BB+); HSBC, Merrill Lynch (joint books); pricing originally expected in 2008.
JSC RUSSIAN RAILWAYS: Up to $600 million eurobonds (/BBB+/); Barclays, ING, Morgan Stanley (joint books); Moscow-based government-run rail carrier; pricing originally expected in 2008.
YPF SA: $150 million senior unsecured notes due 2018 (BB+); BNP Paribas; to partially finance capital expenditures program; Buenos Aires, Argentina, energy company controlled by Spain's Reposol YPF; notes sale to be conducted in local market, with timing to be determined.
LOCAL CURRENCY
ALLIED BANKING CORP.: 5 billion pesos long-term certificates of deposit; one or more tranches; Manila, Philippines-based retail and commercial bank.
AMBANK BHD.: S$425 million 10-year stapled notes (BB/BB); BNP Paribas, AmBank (joint books); proceeds to fund the bank's growth; Kuala Lumpur, Malaysia-based retail and commercial bank.
BANK OF COMMUNICATIONS CO. LTD.: Up to 5 billion yuan bonds, maturity of one to three years; proceeds for granting loans, general working capital and general corporate purposes; Shanghai-based retail and commercial bank.
CANARA BANK: Tier II bond offer; Bangalore, India-based commercial and consumer bank.
CHINA COMMUNICATIONS CONSTRUCTION CO. LTD.: Up to 15 billion yuan bond issue; five- to 15-year maturity; interest rate not to exceed central bank benchmark lending rate; proceeds to refinance debt; Beijing-based infrastructure and ports operator.
CHINABANK: Up to PHP 8 billion in long-term negotiable certificates of time deposit; two or more tranches of at most PHP 5 billion and PHP 3 billion; Manila-based commercial and retail bank.
CORPORATION BANK: Rs. 1.5 billion series I tier I bonds; Pandeshwar, India-based government-controlled investment and retail bank.
DALIAN PORT CO. LTD.: 2.5 billion yuan minimum five-year notes or corporate bonds; proceeds to meet future business development needs, lower finance costs; Dalian City, China-based company owns and manages the Port of Dalian.
GLOBE TELECOM INC.: PHP 5 billion bond from PHP 10 billion program; Mandaluyong City, Philippines-based telecom; pricing expected in early 2009.
SINOPEC: 20 billion yuan five- to 10-year domestic bonds; coupon will not exceed 90% of the central bank's loan rate; half of proceeds to improve Sinopec's debt structure, half for working capital; Beijing-based energy and natural resource developer.
ROADSHOWS
Beginning Feb. 2: INDONESIA: Global medium-term note program (Ba3/BB-/BB); Barclays, UBS (joint books)
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