Emerging markets calendar

JULY

POLSKIE GORNICTWO NAFTOWE I GAZOWNICTWO (PGNiG): Up to PLN 3 billion in bonds; Bank Pekao, ING Bank Slaski, PKO Bank Polski, Bank Handlowy w Warszawie SA, Societe Generale, BNP Paribas; maturities will range from one month to one year; proceeds to repay a multi-currency credit facility maturing on July 27 and for investment projects; natural gas company based in Warsaw, Poland.

BELARUS: Planned eurobond notes, possibly totaling $500 million with maturity of three to five years; RBS, Sberbank, Deutsche Bank, BNP Paribas; roadshow started July 12.

E-LAND FASHION CHINA HOLDINGS LTD.: $200 million senior unsecured notes due 2013 (Ba2/BB-); Morgan Stanley; to fund capital expenditures and expand network; Shanghai-based women's apparel company.

ON THE HORIZON

CHILE: Chilean peso-denominated notes due 2020; Citigroup, HSBC, JPMorgan; Securities and Exchange Commission-registered.

CHINA RESOURCES POWER HOLDINGS CO. LTD: Planned notes; Goldman Sachs, Morgan Stanley; Hong Kong-based power plant management company.

CORPORACION FINANCIERA DE DESAROLLO (COFIDE): Planned issue of $250 million bonds; lender based in San Isidro, Peru.

TRANSCREDITBANK: Three-year notes; JPMorgan, BNP Paribas; Moscow-based commercial bank and subsidiary of JSC Russian Railways.

SABIC CAPITAL: Planned offering of five-year senior unsecured notes (expected ratings A1/A+/A+); JPMorgan, HSBC, RBS; Regulation S only; talked at mid-swaps plus 175 basis points; proceeds to refinance debt; delayed; petrochemical, fertilizer and metals conglomerate 70%-owned by the Kingdom of Saudi Arabia and based in Riyadh.

NATIONAL AGRICULTURAL COOPERATIVE FEDERATION (NONGHYUP): Planned dollar-denominated benchmark bonds; Citigroup, Credit Agricole CIB, RBS, Morgan Stanley, ING; agricultural cooperative banking organization based in Seoul, South Korea.

ZAMBIA: Planned issue of $1 billion bonds; proceeds for infrastructure improvements and power plant construction.

ISLAMIC DEVELOPMENT BANK: Two benchmark-sized sukuk offerings; proceeds to increase lending to member states coping with economic crisis; Jeddah, Saudi Arabia-based financial institution created to help economic development in 56 member countries.

ZHAIKMUNAI: Planned issue of notes (B3); Citibank, JPMorgan, ING; oil exploration, development and production company based in Kazakhstan.

IDBI BANK: Planned dollar-denominated bonds; Mumbai, India-based lender.

QATAR ISLAMIC BANK: Planned sukuk offering of up to $750 million; HSBC, Credit Suisse; lender based in Doha, Qatar.

ODEBRECHT FINANCE LTD: Dollar-denominated offering of perpetual step-up notes (expected ratings Baa3/BB/BB+); Credit Suisse, Banco Itau; Rule 144A/Regulation S; non-callable for five years; proceeds to refinance outstanding 9 5/8% perpetual notes; Salvador, Brazil-based business conglomerate.

TOURISM DEVELOPMENT & INVESTMENT CO.: Planned issue of 10-year bonds; Standard Chartered, Citigroup, BNP Paribas; government-owned hotel developer based in Abu Dhabi.

SLOVAK REPUBLIC (A1/A+/A+): Euro-denominated benchmark-sized issue of 10-year notes; Barclays Capital, Deutsche Bank, Slovenska Sporitelna, ING; subject to market conditions.

REPUBLIC OF HUNGARY (Baa1/BBB-/BBB): Benchmark global notes due 2020; Citigroup, Deutsche Bank; SEC registered.

GULF INVESTMENT BANK: Expected dollar-denominated bonds or sukuk offering; Barclays Capital, GIB Financial, HSBC, UBS; timing and structure to be determined.

URUGUAY: Planned $1 billion issue of bonds, possible 20-year maturity.

ROADSHOWS

Started July 12: BELARUS: Planned issue of eurobond notes; RBS, Sberbank, Deutsche Bank, BNP Paribas.

Started July 21: CHINA RESOURCES POWER HOLDINGS CO. LTD.: Planned notes; Goldman Sachs, Morgan Stanley.

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