Emerging markets calendar

AFRICA & MIDDLE EAST

First Quarter of 2013

DUBAI ELECTRICITY AND WATER AUTHORITY: $1 billion sukuk notes; proceeds to refinance debt and invest in company projects.

AFRICAN DEVELOPMENT BANK: $1 billion of bonds; Tunisia-based regional development lender.

2013

ZAMBIAN ELECTRICITY SUPPLY CORP. LTD. (ZESCO): International bond issue; power company based in Lusaka, Zambia.

ISRAEL: $1 billion to $1.5 billion of notes.

BAHRAIN TELECOMMUNICATIONS CO. (BATELCO): Dollar notes; BNP Paribas, Citigroup.

GHANA: $750 million notes; proceeds to refinance outstanding $750 million bond due 2017.

SENEGAL: Possible issue of international bonds.

On The Horizon

REPUBLIC OF KENYA: Notes; issuance likely by June 2013.

REPUBLIC OF ANGOLA: Up to $2 billion of notes.

ASIA

Jan. 21 Week

DBA TELECOMMUNICATION (ASIA) HOLDINGS LTD.: Dollar-denominated five-year notes; BNP Paribas, Hong Kong Branch, Deutsche Bank AG, Singapore Branch; Regulation S; proceeds to expand the company's intelligent self services business and for working capital and general corporate purposes; non-callable for three years; talked at the 12% area; Hong Kong-based owner and operator of smart payment terminals.

MINGFA GROUP (INTERNATIONAL) CO. LTD.: Dollar benchmark notes due in five years; Credit Suisse, Citigroup, ICBC International, Morgan Stanley, RBS; Regulation S; proceeds for refinancing of existing indebtedness and for general corporate purposes; property developer based in Hong Kong.

Jan. 28 Week

PETRON CORP.: Dollar notes; Deutsche Bank, HSBC, Standard Chartered Bank, UBS; Regulation S; roadshow Jan. 23-29: Makati City, Philippines-based oil refining and marketing company.

CHINA RAILWAY GROUP LTD.: Dollar notes (expected ratings: /BBB+/BBB+); Bank of China International, Standard Chartered Bank, Barclays, Deutsche Bank, HSBC, UBS; Rule 144A/Regulation S; proceeds for working capital for offshore investment projects and offshore large-scale construction projects; Beijing-based construction group.

2013

HAINAN AIRLINES CO. LTD.: $500 million seven-year notes; airline based in Haikou, China.

On The Horizon

VINGROUP JSC: Dollar notes due in five years (/B+/B); Credit Suisse, Citigroup; non-callable for three years; Rule 144A/Regulation S; real estate company based in Hanoi, Vietnam.

EMERGING EUROPE & CENTRAL ASIA

Jan. 21 Week

PT GAJAH TUNGGAL TBK: Dollar benchmark notes due in 2018; Credit Suisse, Deutsche Bank, HSBC; Rule 144A/Regulation S; roadshow started Jan. 17; talked at mid-8% area; tire manufacturer based in Jakarta, Indonesia.

RUSSIAN RAILWAYS: Bonds; proceeds for infrastructure projects; roadshow ahead; rail operator based in Moscow.

HUNGARY: Possible notes; BNP Paribas, Citigroup, Deutsche Bank, Goldman Sachs; roadshow Jan. 28-Feb. 5.

Jan. 28 Week

OJSC GAZPROM: Dollar bonds; BNP Paribas, JPMorgan; Rule 144A/Regulation S; roadshow Jan. 28-29; Russia-based global energy company.

2013

SLOVENIA: Up to $4 billion in dollar and euro bonds; proceeds to repay maturing debt, for budget financing and for the recapitalization of the country's banking sector.

LITHUANIA: International bonds; Barclays, Citigroup.

SEKERBANK TAS: Up to $500 million of bonds; lender based in Istanbul.

ASYA KATILIM BANKASI AS (BANK ASYA): Dollar-denominated issue of sukuk notes; lender based in Istanbul.

CITY OF PRAGUE: €200 million 10-year notes; CSOB, UniCredit Bank Czech Republic; issuance expected in the first quarter of the year.

ALBARAKA TURK KATILIM BANKASI AS: $200 million five-year notes; banking group based in Istanbul.

AKBANK TAS: Up to $1 billion of eurobonds by the end of the year; Bank of America Merrill Lynch, Citigroup, Deutsche Bank, HSBC, JPMorgan; roadshow ahead; Adana, Turkey-based lender.

On The Horizon

LATVIA: $4 billion notes in 2013 or 2014; proceeds to refinance the sovereign's 2014 bonds and its bailout from the International Monetary Fund and the European Union.

PT INDIKA TBK: Dollar notes due in 10 years (B1); Jakarta, Indonesia-based energy company.

LATIN AMERICA & THE CARIBBEAN

Jan. 21 Week

PESQUERA EXALMAR SAA: Notes; Citigroup, Santander; Rule 144A/Regulation S; roadshow Jan. 21-23; fish processor based in Lima, Peru.

BANCO DE RESERVAS DE LA REPUBLICA DOMINICANA (BANRESERVAS): Dollar notes (expected rating: //B-); proceeds for general business purposes; lender based in Santo Domingo, Dominican Republic.

Jan. 28 Week

JBS SA: Possible notes; BB Securities, Bradesco BBI, Deutsche Bank, JPMorgan, Santander; roadshow Jan. 25-28; meat processor based in Sao Paulo, Brazil.

2013

DOMINICAN REPUBLIC: Possible notes.

Roadshows

Started Jan. 17: PT GAJAH TUNGGAL TBK: Dollar notes; Credit Suisse, Deutsche Bank, HSBC.

Jan. 21-23: PESQUERA EXALMAR SAA: Notes; Citigroup, Santander.

Jan. 23-29: PETRON CORP.: Dollar notes; Deutsche Bank, HSBC, Standard Chartered Bank, UBS.

Jan. 28 Week: JBS SA: Possible notes; BB Securities, Bradesco BBI, Deutsche Bank, JPMorgan, Santander.

Jan. 28-29: OJSC GAZPROM: Dollar bonds; BNP Paribas, JPMorgan.

Jan. 28-Feb. 5: HUNGARY: Possible notes; BNP Paribas, Citigroup, Deutsche Bank, Goldman Sachs.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.