Emerging markets calendar

AFRICA & MIDDLE EAST

May

AFRICAN EXPORT-IMPORT BANK: Benchmark-sized, dollar-denominated bond (Baa2/BBB-/BBB-); Regulation S; HSBC Securities, Commerzbank, Mitsubishi UFJ Securities, Standard Bank; roadshow started May 20; Cairo-based international bank specializing in trade related financing for Africa.

EMIRATES NBD PJSC: Dollar-denominated bond; Regulation S; Emirates, BofA Merrill Lynch ING, Morgan Stanley, Deutsche Bank Securities, HSBC; roadshow began May 20; Dubai-based provider of corporate, consumer, treasury and investment banking and asset management services.

ISLAMIC DEVELOPMENT BANK: Possible dollar-denominated sukuk; Standard Chartered, Barwa Bank, Credit Agricole, CIMB, Natixis, National Bank of Abu Dhabi, NCB, RBS; roadshow begins May 25; Jeddah, Saudi Arabia-based lender.

DAR AL-ARKAN REAL ESTATE DEVELOPMENT CO.: Dollar benchmark five-year sukuk; talked at 6 ¼% area; Bank Alkhair, Deutsche Bank, Emirates NBD, Goldman Sachs; Regulation S; based in Riyadh, Saudi Arabia.

June

NIGERIA: $1 billion of notes; proceeds to fund power projects.

ALMARAI: Dollar notes; dairy products and fruit juice maker in Saudi Arabia.

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

2013

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

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

FIRST BANK OF NIGERIA PLC: $500 million notes; commercial bank based in Lagos, Nigeria.

TANZANIA: Up to $2 billion notes.

On The Horizon

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

ASIA

May 20 Week

HONG KONG EXCHANGES AND CLEARING LTD.: Possible notes; Deutsche Bank, HSBC, UBS; roadshow started May 9; Hong Kong-based financial services holding company.

REGAL REAL ESTATE INVESTMENT TRUST: Dollar five-year notes; ABC International, Haitong International, ICBC (Asia), UBS, Wing Lung Bank; real estate investment trust based in Hong Kong.

PTT EXPLORATION AND PRODUCTION PLC: Up to $1 billion perpetual bonds; HSBC, Goldman Sachs, UBS, Standard Chartered; Bangkok-based energy and exploration company that is 65% owned by the government of Thailand.

FANTASIA HOLDINGS GROUP CO. LTD.: Renminbi notes due in three years (expected ratings: B2/B+/); BofA Merrill Lynch, Citigroup, HSBC, China Merchants Solutions; proceeds to refinance existing indebtedness, finance existing and new property development projects and for general corporate purposes; talked at 8% area; China-based property development company.

YANZHOU COAL MINING CO. LTD.: Benchmark dollar notes; Deutsche Bank, UBS, Barclays, Citigroup, Goldman Sachs (Asia); roadshow started May 20; Regulation S; coal production, processing, marketing and transportation company is based in Zoucheng, China.

May

HUANENG POWER INTERNATIONAL INC.: Dollar-denominated notes; JPMorgan, BOC, DBS, BS Bank; roadshow began May 20; Beijing-based power plant developer and operator.

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.

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

EMERGING EUROPE & CENTRAL ASIA

May

MOBILE TELESYSTEMS OJSC: Possible dollar- and ruble-denominated offering; Gazprombank, JPMorgan, The Royal Bank of Scotland; Regulation S, Rule 144A; roadshow began May 17; telecommunications provider based in Moscow.

JSC RUSSIAN STANDARD BANK: Dollar notes; roadshow started May 16; Moscow-based lender.

FAR EASTERN SHIPPING CO. PLC (FESCO): $50 million tap of 8% notes due May 2, 2018 and 8 æ% notes due May 2, 2020; shipping company based in Moscow.

2013

LEMTRANS: Eurobonds; proceeds to purchase railway goods wagons; Donetsk, Ukraine-based freight forwarding company owned by SCM Group.

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.

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

TURKIYE FINANS KATILIM BANKASI AS (FINANSBANK): Up to $750 million of notes; lender based in Istanbul.

RUSSIA: $7 billion of notes.

LATVIA: Notes during second half of 2013.

ARMENIA: $500 million 10-year notes.

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

May

RED DE CARRETERAS DE OCCIDENTE (RCO): Notes; roadshow ended May 14; highway operator based in Mexico.

BANCO SANTANDER CHILE: Possible offering; BNP Paribas, Deutsche Bank, Goldman Sachs; roadshow May 21-May 23; Santiago, Chile-based bank.

2013

BANCO NACIONAL DO DESENVOVIMENTO (BRAZILIAN DEVELOPMENT BANK, OR BNDES): Up to $3 billion of notes; proceeds to finance bank's lending program; lender based in Rio de Janeiro.

Roadshows

Started May 9: HONG KONG EXCHANGES AND CLEARING LTD.: Possible notes; Deutsche Bank, HSBC, UBS; roadshow started May 9; Hong Kong-based financial services holding company.

Started May 16: JSC RUSSIAN STANDARD BANK: Dollar notes.

Started May 20: HUANENG POWER INTERNATIONAL INC.: Dollar-denominated notes; JPMorgan, BOC, DBS, BS Bank.

Started May 20: AFRICAN EXPORT-IMPORT BANK: Benchmark-sized, dollar-denominated bond (Baa2/BBB-/BBB-); HSBC Securities, Commerzbank, Mitsubishi UFJ Securities, Standard Bank.

Started May 20: EMIRATES NBD PJSC: Dollar-denominated bond; Emirates, BofA Merrill Lynch ING, Morgan Stanley, Deutsche Bank Securities, HSBC.

Started May 20: YANZHOU COAL MINING CO. LTD.: Benchmark dollar notes; Deutsche Bank, UBS, Barclays, Citigroup, Goldman Sachs (Asia).

Starting May 21: BANCO SANTANDER CHILE: Possible offering; BNP Paribas, Deutsche Bank, Goldman Sachs.

Starting May 25: ISLAMIC DEVELOPMENT BANK: Possible dollar-denominated sukuk; Standard Chartered, Barwa Bank, Credit Agricole, CIMB, Natixis, National Bank of Abu Dhabi, NCB, RBS.

Upcoming: KOREA NATIONAL OIL CORP.: Non-deal roadshow; BNP Paribas, Credit Suisse, UBS.

Upcoming: PTT EXPLORATION AND PRODUCTION PLC: Up to $1 billion perpetual bonds; HSBC, Goldman Sachs, UBS, Standard Chartered.

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