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Published on 11/7/2013 in the Prospect News Emerging Markets Daily.

Emerging markets calendar

ASIA

Nov. 4 Week

KOREA EAST-WEST POWER CO. LTD.: Notes; BofA Merrill Lynch, Citigroup, Credit Suisse, HSBC, UBS; Rule 144A/Regulation S; roadshow the week of Nov. 4; electricity generator and supplier based in Seoul, South Korea.

DALIAN WANDA COMMERCIAL PROPERTIES CO. LTD.: Dollar notes (expected ratings: Baa3/BB/); Barclays, BofA Merrill Lynch, Goldman Sachs, HSBC, UBS; Regulation S; roadshow began Nov. 1; real estate and hospitality conglomerate based in Dalian, China.

LIPPO KARAWACI TBK: Five-year dollar notes (/B+/B); Credit Suisse, Raiffeisen Bank; Regulation S; roadshow started Nov. 1; talked at 11% area; proceeds for refinancing indebtedness and for general corporate purposes; Tangerang, Indonesia-based residential and commercial urban developer.

TATA COMMUNICATIONS (NETHERLANDS) BV: Singapore dollar-denominated issue of notes; ANZ Banking Group, BNP Paribas, DBS Bank, HSBC, SBI Capital, Standard Chartered Bank; Regulation S; roadshow started Nov. 1; part of Tata Group, a conglomerate based in Mumbai.

2013

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

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.

EMERGING EUROPE & CENTRAL ASIA

Nov. 4 Week

TURK TELEKOM: Possible notes; Ankara, Turkey-based telecommunications company.

RUSSIAN FOREIGN ECONOMIC INDUSTRIAL BANK (VNESHPROMBANK): Dollar notes due in three years; Otkritie Bank, Raiffeisen Bank International; Regulation S only; roadshow started Oct. 29; talked in 9% area; to be issued by VPB Funding; change-of-control put in the event of a ratings downgrade.

Nov. 11 Week

SERBIA: Dollar notes; roadshow Nov. 6-11; Rule 144A/Regulation S.

VNESHECONOMBANK (VEB): Dollar notes; Citigroup, HSBC, JPMorgan, Mitsubishi UFJ Securities; Rule 144A/Regulation S; roadshow starts Nov. 11; Moscow-based lender.

MOSCOW DOMODEDOVO AIRPORT: Dollar notes; ING, Raiffeisen Bank, UBS; Regulation S; roadshow begins Nov. 8; Russian airport company.

OJSC ALFA BANK: Swiss franc notes; UBS; Regulation S; roadshow starts Nov. 14; commercial lender based in Moscow.

JSC NATIONAL CO. KAZAKHSTAN ENGINEERING: Dollar notes; Halyk Finance, UBS, VTB Capital; roadshow starts Nov. 11; Astana, Kazakhstan-based manufacturer.

POLAND: Japanese yen notes; Daiwa Securities, Nomura Securities.

Fall 2013

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

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.

LATIN AMERICA

Nov. 4 Week

FRESNILLO PLC: Benchmark dollar notes due in 10 years (Baa2/BBB/); Citigroup, Deutsche Bank, JPMorgan; Rule 144A/Regulation S; roadshow started Nov. 1; talked at Treasuries plus 325 bps area; proceeds for funding current investment and development plans, for future growth opportunities and for general corporate purposes; precious metals mining company headquartered in Mexico City.

COBRE DEL MAYO SA DE CV: $225 million five-year notes (B3//B); Jefferies, BCP Securities, Nomura Securities; Regulation S; roadshow started Oct. 29; non-callable for 2½ years; talked in the 11% area; mining company based in Hermosillo, Mexico.

COCA-COLA FEMSA SAB DE CV: Possible notes; Citigroup, Goldman Sachs, JPMorgan, HSBC, Mitsubishi UFJ Securities; roadshow Nov. 5-7; Monterrey, Mexico-based Coca-Cola bottler.

LATAM AIRLINES GROUP SA: $450 million notes due December 2020 (expected ratings: /BBB-/BB+); BofA Merrill Lynch, Citigroup; talked in 6¼% area; Santiago, Chile-based airline holding company.

BANCO DE LOS TRABAJADORES (BANTRAB): $150 million seven-year notes; Deutsche Bank, BCP Securities; Rule 144A/Regulation S; initial talk in low-9% area; lender based in Guatemala.

ANDINO INVESTMENT HOLDING: $130 million seven-year notes (expected ratings: /B+/BB-); BofA Merrill Lynch, Credicorp, Goldman Sachs; Rule 144A/Regulation S; non-callable for three years; pricing expected on Nov. 6; Callao, Peru-based port infrastructure and logistics company.

December

HONDURAS: Dollar bonds.

MIDDLE EAST & AFRICA

Nov. 4 Week

TRANSNET SOC: Benchmark-sized, rand-denominated notes due May 2021; Deutsche Bank; Rule 144A/Regulation S; talked at 9 1/8% to 9¼%; pricing expected Nov. 6; Johannesburg, South Africa-based rail, port and pipeline company.

GEMS MENASA (CAYMAN) LTD.: Dollar sukuk; Abu Dhabi Islamic Bank, Credit Suisse, Morgan Stanley; roadshow Nov. 1-8; Regulation S; subsidiary of Global Education Management Systems Ltd., based in the United Arab Emirates.

Nov. 11 Week

SAUDI BASIC INDUSTRIES CORP. (SABIC): Euro notes; Credit Agricole, ING, JPMorgan, Mitsubishi UFJ, Standard Chartered Bank; roadshow Nov. 8-12; Riyadh-based manufacturer of chemicals, fertilizers, plastics and metals.

ARM CEMENT LTD.: Possible issue of notes; proceeds to fund expansion program.

Late November

KENYA: Up to $2 billion of notes.

Roadshows

Started Nov. 1: LIPPO KARAWACI TBK: Dollar notes; Credit Suisse, Raiffeisen Bank.

Started Nov. 1: TATA COMMUNICATIONS (NETHERLANDS) BV: Singapore dollar-denominated issue of notes; ANZ Banking Group, BNP Paribas, DBS Bank, HSBC, SBI Capital, Standard Chartered Bank.

Nov. 1-8: GEMS MENASA (CAYMAN) LTD.: Dollar sukuk; Abu Dhabi Islamic Bank, Credit Suisse, Morgan Stanley.

Nov. 5-7: COCA-COLA FEMSA SAB DE CV: Possible notes; Citigroup, Goldman Sachs, JPMorgan, HSBC, Mitsubishi UFJ Securities.

Nov. 6-11: SERBIA: Dollar notes.

Starting Nov. 8: MOSCOW DOMODEDOVO AIRPORT: Dollar notes; ING, Raiffeisen Bank, UBS.

Nov. 8-12: SAUDI BASIC INDUSTRIES CORP. (SABIC): Euro notes; Credit Agricole, ING, JPMorgan, Mitsubishi UFJ, Standard Chartered Bank.

Starting Nov. 11: VNESHECONOMBANK (VEB): Dollar notes; Citigroup, HSBC, JPMorgan, Mitsubishi UFJ Securities.

Starting Nov. 11: JSC NATIONAL CO. KAZAKHSTAN ENGINEERING: Dollar notes; Halyk Finance, UBS, VTB Capital.

Starting Nov. 14: OJSC ALFA BANK: Swiss franc notes; UBS; Regulation S; roadshow starts Nov. 14; commercial lender based in Moscow.


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