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Published on 10/21/2013 in the Prospect News Emerging Markets Daily.

Emerging markets calendar

AFRICA & MIDDLE EAST

October

AHLI UNITED BANK: Dollar notes; Kuwait-based bank.

ALMARAI: Hybrid issue of Islamic bonds; integrated dairy foods company based in Riyadh, Saudi Arabia.

MAJID AL-FUTTAIM HOLDINGS LLC (MAF): Benchmark-sized, dollar-denominated perpetual notes; BofA Merrill Lynch, Emirates NBC, Goldman Sachs, HSBC, JPMorgan, Standard Chartered Bank; Regulation S; investor calls Oct. 21 week; Dubai-based conglomerate.

TOPAZ ENERGY AND MARINE LTD.: $350 million five-year notes; Goldman Sachs, HSBC, Standard Chartered Bank; proceeds to repay existing indebtedness, fund capital expenditures and to increase cash on the balance sheet; roadshow Oct. 21-25; Dubai-based oilfield services company that provides marine solutions to the global energy industry.

ASIA

October

MIDAS HOLDINGS LTD.: Possible notes; DBS Bank, HSBC; roadshow started Oct. 7; Singapore-based manufacturer of aluminum alloy extruded products for the rail transportation sector.

CHINA OVERSEAS LAND & INVESTMENT LTD.: Possible notes; BOC International, BNP Paribas, Citigroup, CLSA, HSBC, JPMorgan; roadshow started Oct. 9; Hong Kong-based construction and development company.

CHINA CONSTRUCTION BANK CORP.: Possible notes; ANZ, CBA, HSBC, Goldman Sachs; roadshow started Oct. 16; lender based in Beijing.

ANTON OILFIELD SERVICES GROUP: Dollar notes; Citigroup, Morgan Stanley; Rule 144A/Regulation S; proceeds for general corporate purposes; Beijing-based technical oil and gas field development services company.

2013

MANILA ELECTRIC CO. (MERALCO): $250 million-$300 million notes; Pasig City, Philippines-based electrical power distributor.

ALUMINUM CORP. OF CHINA LTD.: Dollar-denominated notes; Regulation S; Beijing-based metals manufacturer; roadshow begins Oct. 16 week.

2014

REPUBLIC OF TANZANIA: Up to $700 million of notes; pricing expected in the first half of the year.

On The Horizon

BANGLADESH: $1 billion notes by 2015; proceeds for infrastructure projects.

ASIA CAPITAL REINSURANCE: Singapore dollar-denominated notes; reinsurer based in Singapore.

EMERGING EUROPE & CENTRAL ASIA

Oct. 15 Week

JSC KASPI BANK: Dollar notes; JPMorgan, VTB Capital; Rule 144A/Regulation S; roadshow started Oct. 14; Almaty, Kazakhstan-based bank.

OJSC VTB BANK: Swiss franc notes due in 4 ½ years; Credit Suisse, Commerzbank, VTB Capital; talked in mid-swaps plus 240 bps area; Moscow-based lender.

OJSC GAZPROMBANK: Euro notes; Citigroup, Credit Agricole, Deutsche Bank, GPB Financial Services; Regulation S; roadshow started Oct. 21; Moscow-based lender.

Fall 2013

STATE OIL CO. OF THE AZERBAIJAN REPUBLIC (SOCAR): Possible notes.

BULGARIAN ENERGY HOLDING EAD: €250 million notes in the fall of 2013; based in Sofia, Bulgaria.

2013

CITY OF PRAGUE: €200 million bonds.

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

October

BANCO DO BRASIL SA: Japanese yen-denominated notes; BB Securities, Citigroup, JPMorgan, Mizuho Securities; lender based in Brasilia, Brazil.

JBS SA: Possible bond offering; JPMorgan, BTG Pactual, Bradesco, BB Securities, Santander; meat processor based in Sao Paulo; roadshow began Oct. 17.

DOMINICAN REPUBLIC: $500 million notes due January 2024 (expected ratings: B1/B+/B); Citigroup; Rule 144A/Regulation S; talk in 6¾% area; proceeds to finance infrastructure projects and to support other sectors of the economy.

EMPRESA NACIONAL DE TELECOMMUNICATIONS SA (ENTEL): Dollar notes; Citigroup, HSBC; Rule 144A/Regulation S; roadshow ahead; Santiago, Chile-based telecommunications company.

Roadshows

Started Oct. 7: MIDAS HOLDINGS LTD.: Possible notes; DBS Bank, HSBC.

Started Oct. 7: OJSC BANK ST. PETERSBURG: Dollar notes; JPMorgan, VTB Capital.

Started Oct. 9: CHINA OVERSEAS LAND & INVESTMENT LTD.: Possible notes; BOC International, BNP Paribas, Citigroup, CLSA, HSBC, JPMorgan.

Started Oct. 14 week: ALUMINUM CORP. OF CHINA LTD.: Dollar-denominated notes.

Started Oct. 14: JSC KASPI BANK: Dollar notes; JPMorgan, VTB Capital.

Started Oct. 16: CHINA CONSTRUCTION BANK CORP.: Possible notes; ANZ, CBA, HSBC, Goldman Sachs.

Started Oct. 17: JBS SA: Possible offering; JPMorgan, BTG, Bradesco, BB Securities, Santander.

Oct. 21-25: TOPAZ ENERGY AND MARINE LTD.: $350 million five-year notes; Goldman Sachs, HSBC, Standard Chartered Bank.

Started Oct. 21: OJSC GAZPROMBANK: Euro notes; Citigroup, Credit Agricole, Deutsche Bank, GPB Financial Services.

Oct. 28-Nov. 1: SOUTH AFRICA: Non-deal roadshow; Deutsche Bank, Investec.

Ahead: EMPRESA NACIONAL DE TELECOMMUNICATIONS SA (ENTEL): Dollar notes; Citigroup, HSBC.


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