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Published on 2/4/2021 in the Prospect News Emerging Markets Daily.

Emerging Markets Calendar

AFRICA AND THE MIDDLE EAST

DAE FUNDING LLC:

• Unit of Dubai Aerospace Enterprise Ltd.

• Fixed-rate four- and/or seven-year senior unsecured benchmark bond (//BBB-)

• Aerospace company in Dubai, United Arab Emirates

ECOBANK NIGERIA LTD.:

• $300 million of senior notes

• Rule 144A and Regulation S

• Pan-African banking group with operations in 34 countries

FIRST ABU DHABI BANK PJSC:

• Pound sterling-denominated benchmark offering

• Fixed-rate notes due Dec. 9, 2025

• Barclays, First Abu Dhabi Bank, HSBC and TD Securities

• Lender operating in the United Arab Emirates

ORYX FUNDING LTD.:

• Special purpose vehicle established in the Cayman Islands by Ba3-rated Oman Electricity Transmission Co. SAOC

• Senior unsecured notes (Ba3//BB-)

• Refinance OETC's OMR 100 million shareholder loan, for capital spending and general corporate purposes

LATIN AMERICA AND THE CARIBBEAN

BANCO DO ESTADO DO RIO GRANDE DOSUL SA (BANRISUL):

• 10-year tier 2 subordinated notes, redeemable after five years (B2//B)

• Porto Alegre, Brazil, bank

BANCO INDUSTRIAL SA:

• Up to $300 million of tier 2 subordinated dollar notes due 2031 (B1//B)

• Guatemala City, Guatemala lender

BUENOS AIRES:

• Dollar amortizing step-up bonds due 2032 up to a maximum amount of $2.34 billion, euro-denominated amortizing step-up bonds due 2032 up to a maximum of €540 million, dollar amortizing step-up bonds due 2040, euro-denominated amortizing step-up bonds due 2040, dollar-denominated interest-only securities and euro-denominated interest-only securities

• BofA Securities, Inc. and Citigroup Global Markets Inc.

• Offered in exchange for outstanding 2006 and 2015 indenture bonds

EMBRAER NETHERLANDS FINANCE BV:

• Wholly owned subsidiary of Embraer SA

• Guaranteed by Embraer SA and Yabora Industria Aeronautica SA

• Proposed 2028 benchmark sized senior unsecured bonds (//BB+)

• Proceeds for a tender for the 2022 and 2023 notes and general corporate purposes

GUARA NORTE SARL:

• $850 million of senior secured notes

• Proceeds will be used to repay about $535 million in debt, with the remaining proceeds being made available to the shareholders

INTER-AMERICAN INVESTMENT CORP.:

• Dollar-denominated five-year sustainability note

• BNP Paribas, Citigroup, Credit Agricole CIB and Goldman Sachs International

• Regulation S

• Member of the Inter-American Development Bank

IRSA INVERSIONES Y REPRESENTACIONES SA:

• Series VII dollar-denominated 10% notes due in three years

• BACS Banco de Credito y Securitization SA, Banco Hipotecario SA, Banco de Galicia y Buenos Aires, Banco Santander Rio SA, AR Partners SA, Banco de la Provincia de Buenos Aires, Balanz Capital Valores, Puente Hnos SA, Bull Market Brokers SA and SBS Trading SA

• Real estate company in Buenos Aires

UEP PENONOME II, SA:

• $275 million senior secured notes due 2038 (Ba3/BB)

• Regulation S and Rule 144A

VOLCAN COMPANIA MINERA SAA:

• Up to $450 million in senior unsecured notes

• Guaranteed by Companνa Minera Chungar SAC, Empresa Administradora Cerro SAC and Oxidos de Pasco SAC

• Proceeds will be used to refinance the bulk of its $835 million in debt maturing in February 2022

• Mining company based in Lima, Peru

YPF SA:

• 8½% export-backed notes due 2026, 8½% notes due 2029, and 7% notes due 2033 in exchange for old note series

• Buenos Aires petroleum and gas company

ASIA

ALIBABA GROUP HOLDING LTD.:

• Offering of senior notes of up to $5 billion

• At least one tranche sustainable

• Proceeds of the sale of the notes for general corporate purposes, including working capital needs, repayment of offshore debt and potential acquisitions

• Hangzhou, China-based online and mobile commerce company

BANPU PCL:

• Singapore branch of guarantor Bangkok Bank PCL

• Perpetual securities (Baa2)

BLUE BRIGHT LTD.:

• Guaranteed by AVIC Capital Co., Ltd.

• Dollar-denominated senior unsecured bonds

• Proceeds to refinance debt

PT BUKIT MAKMUR MANDIRI UTAMA:

• Notes due 2026 (Ba3//BB-)

• Proceeds to repurchase 7Ύ% senior notes due 2022

• Jakarta, Indonesia, coal mining company

CHINA OVERSEAS GRAND OCEANS GROUP LTD.:

• Dollar-denominated senior unsecured notes

• Proceeds to refinance its bond due in June 2021

CONTINUUM ENERGY LEVANTER PTE. LTD.:

• Six-year dollar-denominated senior unsecured notes

EMPIRE RESORTS, INC.:

• $475 million of five-year senior secured notes

• Guidance of yield of 8% to 8Ό%

• BNP Paribas, Citigroup and DBS Bank

• Rule 144A and Regulation S

EXPORT-IMPORT BANK OF INDIA:

• Dollar-denominated senior notes (BBB-//BBB-)

• Export finance institution based in Mumbai, India

FANTASIA HOLDINGS GROUP CO. LTD.:

• New notes

• Finance a tender offer

• Property development company based in Shenzhen, China

FORTUNE STAR (BVI) LTD.:

• Guaranteed by parent Fosun International Ltd.

• Dollar-denominated senior notes (BB)

• Proceeds for refinancing, working capital, and other general corporate purposes

• Shanghai conglomerate

HUAYUAN PROPERTY CO., LTD.:

• Dollar-denominated notes (B2)

• Proceeds to refinance debt

• Beijing real estate business

INDIA GREEN POWER HOLDINGS:

• Up to $450 million of six-year dollar-denominated senior secured notes

• Proceeds to repay all their outstanding external debt

INDIAN RAILWAY FINANCE CORP. LTD.:

• Benchmark size senior unsecured dollar-denominated notes

• Regulation S/144A

INDIA TOLL ROAD:

• 3.5 year U.S. dollar senior secured notes

• Proceeds to fund its purchase of onshore senior secured non-convertible debentures to be issued by IRB

JINCHUAN GOLDEN OCEAN CAPITAL LTD.:

• Guaranteed by Jinchuan Group Co., Ltd.

• U.S. dollar notes (//BBB-)

JY GRANDMARK HOLDINGS LTD.:

• Regulation S notes

• Haitong International Securities Co. Ltd.

• Proceeds to acquire or develop property projects, to refinance existing debt and for general corporate purposes

• Expected to price on Feb. 2

• Property developer based in Guangzhou, China

KENBOURNE INVEST SA:

• Subsidiary of PT Wahana Ottomitra Multiartha Tbk, guaranteed by parent companies including WOM Holdings SpA

• $300 million to $450 million notes (B1/B+/BB-)

• Proceeds to purchase mobile spectrum, to refinance company’s CLP 120 billion term loan due 2024 and for general corporate purposes

• North Jakarta, Indonesia, financing company

KOREA EXPRESSWAY CORP.:

• Senior unsecured Australian dollar-denominated notes

LAOS:

• At least $150 million in notes

• Proceeds to fully redeem $150 million 6 7/8% notes due 2021

MEILUN (BVI) LTD.:

• Subsidiary of Shandong Chenming Paper Holdings Ltd.

• Up to $1 billion in bonds with a term up to five years

• Proceeds to replace domestic and overseas debts, to purchase raw materials, to replenish working capital and for project construction

• Weifang, China paper mill company

MONGOLIAN MORTGAGE CORP. HFC LLC:

• Guaranteed by parent MIK Holding JSC

• Dollar-denominated senior debt (B3/B)

• Proceeds to redeem 9Ύ% notes due 2022

• Ulaanbaatar, Mongolia, mortgage-backed securities company

PANDITA INDUSTRIES LTD.:

• Proposed $200 million of unsecured unsubordinated bonds

• Guaranteed by several of its subsidiaries

PT PERTAMINA (PERSERO):

• Dollar-denominated notes

• Proceeds for capital expenditures and general corporate purposes

POWER BEST GLOBAL INVESTMENTS LTD.:

• Guaranteed by Hong Kong JunFa Property Co.

• Notes (//B+)

• Hong Kong property developer

PT SRI REJEKI ISMAN TBK:

• Guaranteed by subsidiaries PT Sinar Pantja Djaja, PT Bitratex Industries and PT Primayudha Mandirijaya

• Dollar-denominated senior notes (B1//BB-)

• Proceeds to refinance syndicated facility and short-term facilities and extend maturity of debt due January 2022

• Jakarta, Indonesia, textile manufacturer

SINO TRENDY INVESTMENT LTD.:

• Guaranteed by Guangxi Communications Investment Group Corp. Ltd.

• Dollar-denominated notes

• Proceeds will be used to repay medium and long-term offshore indebtedness

SK BATTERY AMERICA, INC.:

• Guaranteed by parent SK Innovation Co. Ltd.

• Senior unsecured dollar-denominated notes (Baa3)

• Proceeds to finance or refinance and projects that provide environmental benefits under its green financing framework

ULTRATECH CEMENT LTD.:

• Sustainability-linked dollar-denominated senior unsecured notes

• Proceeds to repay its secured debt

ZHEJIANG EXPRESSWAY CO. LTD.:

• Up to $600 million of senior notes with one- to 10-year terms

• Regulation S

• Proceeds to debt refinancing, new projects and strategic development

• Hangzhou, China, infrastructure company

ZHONGYUAN ZHICHENG CO., LTD.:

• Guaranteed by parent Zhongyuan Yuzi Investment Holding Group Co., Ltd.

• Dollar-denominated notes (A2//A)

• Proceeds to refinance offshore debt and invest in low-income housing, infrastructure and manufacturing projects in Henan

• Zhengzhou, China-based investor in urban and rural construction, industrial zones, land consolidation, sewage treatment, and other businesses


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