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Published on 12/7/2012 in the Prospect News Canadian Bonds Daily.

Canadian Bonds Calendar: Canada Housing to reopen five-year bonds

Week of December 10

BROOKFIELD RESIDENTIAL PROPERTIES INC.: $400 million eight-year senior notes; Credit Suisse Securities (USA) LLC, Citigroup Global Markets, J.P. Morgan Securities LLC (joint); Rule 144A for life; callable in three years at par plus 75% of the coupon; three-year 35% equity clawback; 101% poison put; to refinance debt; Calgary, Alta.-based land developer and homebuilder; roadshow started Dec. 5; pricing Dec. 10 week.

CANADA HOUSING TRUST: C$5 billion to C$5.5 billion add-on to 1.7% mortgage bonds due Dec. 17, 2017; (Aaa/AAA/DBRS: AAA); unit of Canada Mortgage and Housing Corp., pricing week of Dec. 10.

On The Horizon

PETAQUILLA MINERALS LTD.: $210 million senior secured notes due 2017 (Caa1); Global Hunter Securities (sole); non-callable for two years; to refinance debt and to finance capital expenditures related to the Lomero-Poyatos mine in Spain; Vancouver, B.C.-based Petaquilla Copper is a copper exploration company; price talk 12% yield with warrants.

PTT EXPLORATION AND PRODUCTION PCL: Roadshow in Canada for potential bond offering; (Baa1/BBB+/); Scotia Capital Inc., HSBC Capital (Canada) Inc.; Bangkok-based PTT is a petroleum exploration and production company; roadshow held July 11-13.

TELSTRA CORP. LTD.: Informational roadshow in U.S. and Canadian bond markets; A2/A/A; RBC Capital Markets Corp. and Scotia Capital Inc.; Melbourne-based Telstra is Australia's leading telecommunications company; Canadian roadshow held Aug. 31.


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