Emerging markets calendar

AFRICA & MIDDLE EAST

March

ABU DHABI NATIONAL ENERGY CO. (TAQA): $800 million bonds; proceeds to refinance existing debt.

2013

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

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

Feb. 25 Week

BHARTI AIRTEL LTD.: Dollar notes; Barclays, BNP Paribas, Citigroup, Deutsche Bank, HSBC, Standard Chartered Bank, UBS; Rule 144A/Regulation S; roadshow started Feb. 25; mobile telecommunications company based in New Delhi.

BANK OF COMMUNICATIONS: Dollar notes (expected ratings: A3/A-/); Bank of Communications, BOCOM International, HSBC, Morgan Stanley, Standard Chartered Bank, UBS; Regulation S; roadshow started Feb. 20; price talk set at Treasuries plus 195 bps area; proceeds for general corporate purposes; lender based in Shanghai.

BANK OF INDIA: Dollar notes; Barclays, Citigroup, HSBC, Deutsche Bank, JPMorgan, BofA Merrill Lynch; roadshow upcoming; lender based in Mumbai.

EXPORT IMPORT BANK OF MALAYSIA: $1 billion Islamic bonds; HSBC, Nomura Securities, BNP Paribas, Malayan Banking, CIMB Group.

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

Feb. 25 Week

DONETSKY METALURGICHESKY SAVOD: $500 million notes; Donetsk, Ukraine-based steel products provider.

TURKIYE GARANTI BANKASI AS: Turkish lira-denominated notes; BNP Paribas, Deutsche Bank, Goldman Sachs, Mitsubishi UFJ Securities, Standard Chartered Bank; Rule 144A/Regulation S; talked at 7 ½%; lender based in Istanbul.

NORILSK NICKEL: RUB 35 billion three-year notes; talked at 7.9% to 8.11%; Moscow-based nickel company.

March

CROATIA: Bonds; BofA Merrill Lynch, Deutsche Bank, Goldman Sachs, JPMorgan.

2013

ARCELIK AS: Up to $1 billion of bonds; household appliances manufacturer based in Sutluce, Turkey.

TURKIYE HALK BANKASI (HALKBANK): Lira-denominated notes; state-owned lender based in Ankara, Turkey.

REPUBLIC OF TATARSTAN: Up to $200 million in dollar-denominated Islamic bonds.

INDONESIA: Dollar notes; Deutsche Bank, JPMorgan, Standard Chartered Bank.

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.

SEKERBANK TAS: Up to $500 million of bonds; 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.

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

KAZAKHSTAN: $1 billion of notes during the first half of 2013.

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

March 4 Week

COSAN SA: Dollar notes due 2023; Bradesco BBI, BTG Pactual, Itau BBA, Morgan Stanley; Rule 144A/Regulation S; roadshow March 1-6; non-callable for five years; Sao Paulo, Brazil-based producer of bioethanol, sugar and energy.

REPUBLIC OF HONDURAS: Dollar notes; Barclays, Deutsche Bank; Rule 144A/Regulation S; roadshow March 4-7.

2013

DOMINICAN REPUBLIC: Possible notes.

Roadshows

Started Feb. 20: BANK OF COMMUNICATIONS: Dollar notes.

Started Feb. 25: BHARTI AIRTEL LTD.: Notes; Barclays, BNP Paribas, Citigroup, Deutsche Bank, HSBC, Standard Chartered Bank, UBS.

March 1-6: COSAN SA: Dollar notes due 2023; Bradesco BBI, BTG Pactual, Itau BBA, Morgan Stanley.

March 4-7: REPUBLIC OF HONDURAS: Dollar notes; Barclays, Deutsche Bank.

© 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.