Emerging markets calendar: GEO, Votorantim deals ahead

SEPTEMBER 14 WEEK

CORPORACION GEO SAB DE CV: Dollar-denominated senior notes due 2014 (expected Ba3/BB-/BB-); Morgan Stanley, Banco Santander (joint); Rule 144A/Regulation S; Mexico City-based provider of homebuilding services; roadshows in Singapore and London on Sept. 14, Hong Kong and New York on Sept. 15, Switzerland and Boston on Sept. 16, Los Angeles on Sept. 17; price talk 9 ½% area; pricing subject to market conditions.

GRUPO VOTORANTIM (/BBB/BBB-): Benchmark-sized dollar-denominated deal via Rule 144A/Regulation S; Citigroup, HSBC, Banco Itau, Banco Santander; Sao Paulo-based industrial conglomerate; roadshows Tuesday in London and New York City, Wednesday in London and Boston, Thursday in New York City and U.S. West Coast.

SEPTEMBER 21 WEEK

ARCOS DORADOS BV: Benchmark dollar-denominated senior notes (expected Ba2/BBB-); Morgan Stanley, Bank of America Merrill Lynch (joint); Rule 144A/Regulation S; largest restaurant company in Latin America, owner of the of the license to operate McDonald's restaurants in the region, based in Buenos Aires, Argentina; roadshows Sept. 21 in London and Hong Kong, Sept. 22 in New York and Singapore, Sept. 23 in Boston and Geneva/Zürich, Sept. 24 in Los Angels; pricing subject to market conditions.

BUKIT MAKMUR MANDIRI UTAMA (BUMA): Dollar-denominated bonds; bonds; Barclays Capital, Deutsche Bank, ING; Rule 144A/Regulation S; Indonesian coal mining company; marketing started Sept. 14 in Singapore, Hong Kong on Sept. 15, the U.K. on Sept. 16, New York on Sept. 17, Boston on Sept. 18, Los Angeles on Sept. 21; 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.

BANCO BRADESCO SA: Dollar-denominated tier 2 bonds due 2019 (expected ratings Baa3//BBB); HSBC, Bradesco BBI; Rule 144A/Regulation S; private bank headquartered in Osasco, Brazil; to launch, subject to market conditions, following investor meetings in Europe and the United States.

EURASIAN DEVELOPMENT BANK: Benchmark global bond offer; JP Morgan, Deutsche Bank, RBS Securities; Almaty, Kazakhstan-based bank provides financing to Eurasian states; timing to be determined.

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

NATIONAL AGRICULTURAL COOPERATIVE FEDERATION (NACF): Dollar-denominated senior unsecured fixed-rate notes (A2); BNP Paribas, Deutsche Bank, HSBC, JP Morgan, from global medium-term notes program; Korean government's agricultural policy-making organization; full investor roadshow.

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

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.

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

Sept. 14-17: CORPORACION GEO SAB DE CV: Dollar-denominated senior notes due 2014 (expected Ba3/BB-/BB-); Morgan Stanley, Banco Santander (joint)

Sept. 14-21: BUKIT MAKMUR MANDIRI UTAMA (BUMA): Bonds; Barclays Capital, Deutsche Bank, ING

Sept. 15-17: GRUPO VOTORANTIM (/BBB/BBB-): Benchmark-sized dollar-denominated deal via Rule 144A/Regulation S; Citigroup, HSBC, Banco Itau, Banco Santander

Sept. 21-24: ARCOS DORADOS BV: Benchmark dollar-denominated senior notes; Morgan Stanley, Bank of America Merrill Lynch (joint)

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