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Published on 12/7/2020 in the Prospect News Emerging Markets Daily.

Emerging Markets Calendar

AFRICA AND THE MIDDLE EAST

BURGAN BANK KPSC:

• Subordinated tier 2 notes (//A-)

• Sharq, Kuwait-based lender and subsidiary of Kuwait Projects Co.

DAE SUKUK LTD.:

• Subsidiary of Dubai Aerospace Enterprise (DAE) Ltd.

• Dollar-denominated securities with a dissolution date of Feb. 15, 2026 under Dubai Aerospace Enterprise Ltd.’s $2.5 billion trust certificate issuance program (//BBB-)

• Bank ABC, Credit Agricole CIB, CBD, Deutsche Bank, Dubai Islamic Bank, Emirates NBD Capital, FAB, GIB, Goldman Sachs International, JPMorgan, Mizuho Securities, Natixis and Truist Securities

• Aerospace company in Dubai, United Arab Emirates

OLD MUTUAL LIFE ASSURANCE CO. (SOUTH AFRICA) LTD.:

• Unsecured deferrable subordinated notes (zaA+)

• Pinelands, South Africa subsidiary of Old Mutual plc, financial services company

VEDANTA RESOURCES LTD.:

• Bonds (B-//B-)

• Rule 144A and Regulation S

• Proceeds to fund tender offer

• London resource company with operations in India, Zambia, Namibia, South Africa, Ireland, Liberia, Australia and Sri Lanka

EMERGING EUROPE AND CENTRAL ASIA

ARCO VARA AS:

• €1.5 million of 10% two-year unsecured bonds

• Private offering

• Tallinn, Estonia-based real estate company

CTP BV:

• Euro-denominated three-year notes

• Morgan Stanley & Co. International plc and Goldman Sachs International

• Regulation S

• Prague-based Central and Eastern European logistics property company

PRO KAPITAL GRUPP AS:

• Second tranche of subscriptions for its five-year secured callable fixed-rate bonds

• 734,780 bonds with the aggregate nominal value of €2,057,384

• Subscription period started on Oct. 1 and ends on Oct. 28, with extension for second tranche to Nov. 6

• Maturity of Oct. 31, 2024 and an interest rate of 8%

• Tallinn, Estonia-based real estate development company

LATIN AMERICA AND THE CARIBBEAN

B2W DIGITAL LUX SARL:

• Guaranteed by parent B2W Companhia Digital SA

• Senior unsecured notes due 2030 (Ba1/BB/BB)

• Brazilian retailer

BANCO CONTINENTAL SAECA:

• Senior unsecured fixed-rate notes

• Tenor likely to be five years

• Proceeds will finance or refinance new or eligible green projects and/or eligible social projects

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

CORPORACION NACIONAL DEL COBRE DE CHILE (CODELCO):

• $500 million senior unsecured notes due 2051 (A3/A/A-)

• Proceeds to refinance upcoming bond maturities and fund tenders for notes due 2021-2027

• Santiago, Chile, copper mining company

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

FS LUXEMBOURG SARL:

• Guaranteed by parent FS Agrisolutions Industria de Biocombustiveis

• $500 million of senior secured notes with bullet maturity of five years (B1//BB-)

• Lucas do Rio Verde, Brazil-based producer of corn-based ethanol

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

PETROLEOS MEXICANOS (PEMEX):

• Proposed $1 billion of notes due 2026

• Proceeds for general corporate purposes, including repayment of debt

PRIME ENERGIA SPA, ENFRAGEN SPAIN, SAU, AND ENFRAGEN ENERGIA SUR, SAU:

• Subsidiaries of EnfraGen LLC

• $710 million 10-year bullet senior secured notes (BBB-//Ba3)

• Proceeds to refinance debt, fund acquisition of operational solar projects in Chile and project Phoenix, go in reserves

• Infrastructure firm based based in New York with offices in Panama and Chile.

UEP PENONOME II, SA:

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

• Regulation S and Rule 144A

ASIA

AC ENERGY FINANCE INTERNATIONAL LTD.:

• Subsidiary of guarantor AC Energy, Inc.

• Dollar-denominated senior green fixed-for-life (non-deferrable) perpetual notes

• BPI Capital Corp., Credit Suisse (Hong Kong) Ltd., Hongkong and Shanghai Banking Corp. Ltd. and UBS AG Singapore Branch

• Makati City, Philippines-based conglomerate

AIRPORT AUTHORITY HONG KONG:

• Dual-tranche issue of senior perpetual capital securities

• Proceeds to finance its capital expenditures, including constructing its third runway and general corporate purposes

BANPU PCL:

• Singapore branch of guarantor Bangkok Bank pcl

• Perpetual securities (Baa2)

CHINA AOYUAN GROUP LTD.:

• Dollar-denominated senior notes (//B)

• Proceeds to refinance debt

• Guangzhou, China investment holding company

CHINA HUANENG GROUP (HONG KONG) TREASURY MANAGEMENT HOLDING LTD.:

• Guaranteed by China Huaneng Group Co., Ltd.

• Guaranteed perpetual capital securities (A2)

• Proceeds to refinance debt

• Beijing-based power plant company

CHINA RESOURCES PHARMACEUTICAL HOLDINGS CO. LTD.:

• Subsidiary of China Resources Pharmaceutical Group Ltd.

• RMB 1 billion of perpetual bonds with a coupon of 3.79%

• Proceeds to repay debt.

• Pharmaceutical company with office in Hong Kong and Beijing

DEXIN CHINA HOLDINGS CO. LTD.:

• Senior unsecured dollar-denominated notes

• Proceeds to refinance offshore debt

EMPIRE RESORTS, INC.:

• $475 million of five-year senior secured notes

• Guidance of yield of 8% to 8º%

• BNP Paribas, Citigroup and DBS Bank

• Rule 144A and Regulation S

FAR EAST CONSORTIUM INTERNATIONAL LTD.:

• Dollar-denominated notes

• AMTD Global Markets, Ltd. BNP Paribas, Credit Suisse (Hong Kong) Ltd., DBS Bank Ltd., Guotai Junan Securities (Hong Kong) Ltd., Haitong International Securities Co. Ltd., HSBC Ltd., Oversea-Chinese Banking Corp. Ltd., Mizuho Securities Asia Ltd. and UBS AG Hong Kong Branch

• Hong Kong-based business conglomerate

GUANGZHOU DEVELOPMENT DISTRICT FINANCIAL HOLDINGS GROUP CO., LTD.:

• Senior unsecured notes (Baa1)

• Proceeds for refinancing debt and general corporate purposes

• Produces and sells electricity in Guangzhou, China

HAIDILAO INTERNATIONAL HOLDING LTD.:

• Dollar-denominated notes

• Regulation S offering

• Hot pot restaurants based in Jianyang, Sichuan, China

HEJUN SHUNZE INVESTMENT CO., LTD.:

• Guaranteed by Sichuan Languang Development Co., Ltd.

• Notes (B2/B)

• Proceeds to fund a tender offer

• Chengdu, China, real estate developer

HUATAI INTERNATIONAL FINANCIAL HOLDINGS CO. LTD.:

• Guaranteed by Huatai International Financial Holdings Co. Ltd.

• $3 billion medium term note program

• Financial services company based in Nanjing, China

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

LINK FINANCE (CAYMAN) 2009 LTD.:

• Guaranteed by parent Link Real Estate Investment Trust

• Medium-term notes (//A)

• Real estate investment trust in Hong Kong

LOGAN GROUP CO. LTD.:

• Dollar-denominated senior notes guaranteed by subsidiaries (//BB-)

• Deutsche Bank, Guotai Junan International, Haitong International, China Citic Bank International, Credit Suisse, BOC International, Barclays, BNP Paribas and CMBC Capital

• Proceeds to refinance existing debt.

• Regulation S

• Chinese real estate company headquartered in Shenzhen

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

PANDITA INDUSTRIES LTD.:

• Proposed $200 million of unsecured unsubordinated bonds

• Guaranteed by several of its subsidiaries

PUMA INTERNATIONAL FINANCING SA:

• Five-year bond

• Proceeds to repay the outstanding term loan B

RENEW WIND ENERGY (JADESWAR) PRIVATE LTD.:

• Senior secured notes

• Indian rupee-denominated bonds will be settled in U.S. dollars

• Proceeds to repay its senior and shareholder debt and for on-lending to ReNew Power group companies

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

SND INTERNATIONAL (BVI) CO., LTD.:

• Keepwell and liquidity support deed and deed of equity interest purchase undertaking from parent Suzhou SND Group Co. Ltd. (//BBB+)

• Senior unsecured dollar-denominated bonds (BBB+)

• Proceeds for domestic project construction, refinancing debt and replenishing working capital

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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