Emerging markets calendar: Central European media roadshowing notes

SEPTEMBER 7 WEEK

BYBLOS BANK SAL: $200 million tier I non-cumulative redeemable series 2009 preferred shares; to increase capital; Beirut, Lebanon-based full-service banking company; official subscription started Aug. 28, and is expected to close on Sept. 9.

CENTRAL EUROPEAN MEDIA LTD.: €150 million senior secured fixed-rate notes due 2016 (expected ratings B2/B); Deutsche Bank Securities, Bank of America Merrill Lynch, BNP Paribas (joint); non-callable for four years; Rule 144A/Regulation S; to repay €127.5 million loan agreements with European Bank for Reconstruction and Development (EBRD), to repurchase a portion of 8¼% senior notes due 2012 or repay other debt; Czech Republic-based broadcaster; roadshow started Tuesday in London; pricing late Sept. 7 week.

SEPTEMBER 14 WEEK

AXTEL, SAB DE CV: Dollar-denominated senior unsecured notes, size and structure to be determined (Ba2/BB-/BB); Bank of America Merrill Lynch, Credit Suisse (joint); Rule 144A/Regulation S; change of control at 101; to repay debt and for general corporate purposes; telecommunications company, headquartered in Monterrey; roadshow starts Sept. 11 in New York, concludes Sept. 16 on US West Coast (structure expected to be 10-year with five years of call protection or seven years with four years of call protection).

COMPANHIA SIDERURGICA NACIONAL (CSN): Expected $750 million senior notes due 2019 (Ba1/BB+/BBB-); Morgan Stanley, Banco Itau (joint); Rule 144A/Regulation S; Brazilian steel company; roadshow Sept. 8-9 in London, Sept. 10 in New York, Sept. 11 in Boston, Sept. 14 in Los Angeles; pricing subject to market conditions.

ON THE HORIZON

ABU DHABI NATIONAL ENERGY CO. (Aa2): Benchmark-sized, dollar-denominated notes; BNP Paribas, HSBC, Mitsubishi UFJ Securities, Morgan Stanley, Standard Chartered Bank; Rule 144A/Regulation S; from global MTN program; 72.1% indirectly owned by the government of Abu Dhabi; subject to market conditions.

ISLAMIC DEVELOPMENT BANK: Bond deal; BNP Paribas, Deutsche Bank, HSBC; Jeddah, Saudi Arabia, financial institution.

ROMANIA: Five-year bond issue; Credit Suisse, UBS, Deutsche Bank.

SLOVENIA: Euro-denominated benchmark-sized bond (Aa2/AA/AA); HSBC, RBS, Societe Generale, UniCredit Banka Slovenija (joint books).

LOCAL CURRENCY

GREGORIO, NUMO Y NOEL WERTHEIN SA: Up to Ps. 50 million of floating-rate class I notes due 2014 at par under Ps. 200 million global notes program; via Banco de Valore SA is the agent; for working capital in Argentina and/or to repay debt; Buenos Aires food company.

PETROCHINA CO. LTD.: RMB 26 billion medium-term notes; Beijing-based energy company.

JSC POLYMETAL: 5 billion rubles 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.

OAO SEVERSTAL: RUB 45 billion five-tranche bond program; two tranches of RUB 5 billion, two tranches of RUB 10 billion and one of RUB 15 billion; maximum tenor of each tranche is three years; expects to place first tranche in September; to refinance debt and for general corporate purposes; Citi and Raiffeisen are joint lead arrangers; Cherepovets, Russia-based steel producer.

ROADSHOWS

From Sept. 7: CENTRAL EUROPEAN MEDIA LTD.: €150 million senior secured fixed-rate notes due 2016 (expected ratings B2/B); Deutsche Bank Securities, Bank of America Merrill Lynch, BNP Paribas (joint)

Sept. 8-14: COMPANHIA SIDERURGICA NACIONAL (CSN): Benchmark sized senior notes (issuer ratings Ba1/BB+/BBB-); Morgan Stanley, Banco Itau (joint)

Sept. 11-16: AXTEL, SAB DE CV: Dollar-denominated senior unsecured notes (Ba2/BB-/BB); Bank of America Merrill Lynch, Credit Suisse (joint)

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