Emerging markets calendar

SEPT. 12 WEEK

CONSTRUTORA NORBERTO ODEBRECHT SA: Possible notes; Credit Suisse, Deutsche Bank, Goldman Sachs; roadshow Sept. 5-7; engineering and construction company based in Sao Paulo.

HANA BANK: $500 million notes; Seoul, South Korea-based lender.

UNION BANK OF INDIA: Dollar notes; Bank of America Merrill Lynch, Barclays Capital, Citigroup, Deutsche Bank, HSBC, Standard Chartered Bank; lender based in Mumbai, India.

SERBIA: $1 billion bonds; Deutsche Bank, JPMorgan.

BBVA BANCO CONTINENTAL: Possible notes; Goldman Sachs, JPMorgan; roadshow Sept. 13-15; lender based in Lima, Peru.

SEPTEMBER 19 WEEK

KOREA NATIONAL OIL CORP.: Possible dollar bonds; Barclays Capital, Bank of America Merrill Lynch, HSBC, Korea Development Bank, RBS; roadshow starts Sept. 15; South Korea's national oil and gas company, based in Anyang, South Korea.

POLSKIE GORNICTWO NAFTOWE i GAZOWNICTO SA (PGNiG): Up to €1.2 billion fixed-rate or floating-rate notes with maturities of up to 10 years (Baa1); SG CIB, BNP Paribas, Unicredit; or general liquidity purposes; natural gas company based in Warsaw; notes program announced on Aug. 25; roadshow starts Sept. 19.

MINERVA SA: Possible notes; Goldman Sachs, BTG Pactual, Morgan Stanley, BB Securities; roadshow started Sept. 14; food processing company based in Barretos, Brazil.

SEPTEMBER

INDIAN RAILWAY FINANCE CORP. LTD.: Dollar-denominated fixed-rate notes (Baa3); Bank of America Merrill Lynch, Citigroup, Deutsche Bank, JPMorgan; Regulation S; roadshow started Aug. 5; dedicated financing arm of the Ministry of Railways, based in New Delhi.

CARIBBEAN FINANCIAL GROUP HOLDINGS LP: Notes; JPMorgan; roadshow started Aug. 5; Rule 144A/Regulation S; consumer finance company based in Puerto Rico.

TARJETA NARANJA SA: $100 million add-on to 9% senior notes due 2017 (//B); Bank of America Merrill Lynch, Deutsche Bank Securities Inc.; credit card issuer based in Cordoba, Argentina; original $200 million issue priced at par on Jan. 25, 2011.

CRESUD SA COMERCIAL INMOBILIARIA FINANCIERA Y AGROPECUARIA: Dollar notes; Regulation S; Banco Itau; roadshow Aug. 30 to Sept. 1; Buenos Aires-based agricultural company.

TURKIYE VAKIFLAR BANKASI TAO (VAKIFBANK): Dollar bond; Barclays Capital, Goldman Sachs, JPMorgan, Standard Chartered Bank; Rule 144A/Regulation S; roadshow July 20-27; lender based in Istanbul, Turkey.

MEXICO: Possible Samurai bonds; Citigroup, Mitsubishi, Nomura; non-deal roadshow in Japan during Aug. 22 week.

GOLD FIELDS LTD.: Rule 144A and Regulation S bond offering could follow investor meetings set to begin on Sept. 6, via Bank of America Merrill Lynch, Barclays Capital and JPMorgan; Johannesburg, South Africa-based gold producer.

ALLAHABAD BANK: Up to $500 million in notes; HSBC, JPMorgan, RBS, Standard Chartered; lender based in Kolkata, India.

USINA VISTA ALEGRE: $150 million to $200 million seven-year notes (/B-/B-); BTG Pactual; Rule 144A/Regulation S; non-callable for four years; talked at 11% area; sugarcane grower and sugar and ethanol producer based in Sao Paulo.

INDUSTRIAL SUBORDINATED TRUST: 10-year notes (expected ratings: Ba2//BB-); Bank of America Merrill Lynch; Rule 144A/Regulation S; proceeds will be used to repay subordinated debt, to strengthen the regulatory capital base and for general corporate purposes; guaranteed by Banco Industrial SA, a lender based in Guatemala City, Guatemala.

DENIZBANK AS: Benchmark bonds (expected ratings: Ba1//BBB-); Bank of America Merrill Lynch, Citigroup, HSBC, JPMorgan; Rule 144A/Regulation S; roadshow June 15-20; lender based in Istanbul, Turkey.

STATE OIL CO. OF AZERBAIJAN (SOCAR): $500 million notes; state-owned oil and gas company based in Baku, Azerbaijan.

VNESHECONOMBANK: Notes due in 10 years or more; BNP Paribas, JPMorgan, Morgan Stanley, RBS; roadshow started July 4; Moscow-based Bank for Development and Foreign Affairs.

DEVELOPMENT BANK OF KAZAKHSTAN: $800 million notes; Astana, Kazakhstan-based lender.

PETROLEO BRASILIERO SA (PETROBRAS): Euro and sterling notes; Citigroup, HSBC, RBS, Standard Chartered; energy company based in Rio de Janeiro.

CHINA HONGQIAO GROUP LTD.: Dollar-denominated or renminbi-denominated senior notes (/BB-/); JPMorgan, Barclays Capital, Deutsche Bank (joint); Rule 144A and Regulation S; to expand its electricity production facilities to about 2,400 MW of total installed capacity; aluminum product manufacturer based in Zouping County, China; global roadshow began on or near July 12; pricing pending market conditions.

INDUSTRIAL DEVELOPMENT BANK OF INDIA LTD. (IDBI BANK): CHF 175 million notes; possible $250 million seven-year notes; BNP Paribas, Credit Suisse, UBS; lender based in Mumbai, India.

SEPTEMBER

ANGOLA: $500 million notes.

REPUBLIC OF KAZAKHSTAN: Dollar sukuk notes.

EMPRESAS PUBLICAS DE MEDELLIN (EPM): Notes; public utility service based in Medellin, Colombia.

REPUBLIC OF ROMANIA: Dollar notes; bookrunners to be selected by Sept. 6.

OCTOBER

POLSKIE GORNICTWO NAFTOWE I GAZOWNICTOW (PGNIG): €500 million bonds; BNP Paribas, Societe Generale, Unicredit; Poland-based natural gas company.

BANCO DE BOGOTA: $1 billion notes; lender based in Bogota, Colombia.

NOVEMBER

GAIL INDIA LTD: $300 million notes; state-owned natural gas processing and distribution company based in New Delhi.

2011

AL HILAL BANK: $500 million notes due 2016; proceeds to diversify funding and support growth; Abu Dhabi-based lender.

QATAR NATIONAL BANK: Up to $7.5 billion in notes; Barclays Capital, HSBC, QNB Capital; proceeds to fund corporate operations; lender based in Qatar.

CAIXA ECONOMICA FEDERAL: Possible notes; finance company based in Brasilia, Brazil.

BANCO DO BRASIL SA: Dollar- or real-denominated notes worth up to $500 million; lender based in Brasilia, Brazil.

ISAGEN SA: Peso- or dollar-denominated notes; issuance expected before the end of the year; state-owned utility services company based in Medellin, Colombia.

TRANSMISSORA DO ATLANTICO DE ENERGIA ELECTRICA: R$1.3 billion bonds; electric company based in Brazil.

EMPRESA DE ENERGIA DE BOGOTA SA ESP: Dollar-denominated bonds; Deutsche Bank, Santander; energy and fuel company based in Bogota, Colombia.

BANACOL GROUP: Possible notes totaling $200 million to $300 million; Citigroup; Medellin, Colombia-based fruit company.

REPUBLIC OF GUATEMALA: Up to $500 million in notes: Rule 144A/Regulation S.

YAPI VE KREDI BANKASI AS: Up to $1.25 billion in notes; private bank based in Istanbul, Turkey.

PT ANEKA TAMBANG: Possible dollar- or rupiah-denominated notes; mining and metals company based in Jakarta, Indonesia.

REPUBLIC OF THE PHILIPPINES: $500 million bonds.

SAUDI ELECTRICITY CO.: $1 billion to $1.5 billion sukuk notes; Saudi Arabia-based power generator and distributor.

QATAR ISLAMIC BANK: $1 billion sukuk notes with tenor of more than five years; lender based in Doha, Qatar.

PT PERUSAHAAN LISTRIK NEGARA (PLN): Possible $1 billion 10-year notes; pricing expected in 2011; Indonesian state-owned electric company.

THAILAND: Inflation-linked baht-denominated notes; HSBC; roadshow expected in Asia and Europe.

CZECH REPUBLIC: Euro benchmark notes; Barclays Capital, Erste Group, Societe Generale, Unicredit.

GENNOMA LAB INTERNACIONAL SAB DE CV: Possible dollar notes; Mexico City-based pharmaceutical company.

TEMASEK HOLDINGS: Possible notes; DBS, Deutsche Bank, Morgan Stanley, UBS; Singapore-based investment company.

GAZPROMBANK: Possible notes; Mitsubishi UFJ Securities; lender based in Moscow.

2012

DOHA BANK: $500 million bonds; JPMorgan, Morgan Stanley; Qatar-based lender.

CEAGRO AGRICOLA LTDA.: Bonds; importer and exporter of grains and other agricultural products, based in Campinas, Brazil.

AXIS BANK: Benchmark-sized global bonds; Mumbai, India-based lender.

ON THE HORIZON

BANCO DAVIVIENDA SA: Up to $350 million in notes; lender based in Bogota, Colombia.

HALK BANKASI (HALKBANK): Up to $2 billion in bonds; lender based in Ankara, Turkey.

EGYPT: $1 billion notes due 2016.

KB KOOKMIN BANK: Possible notes; BNP Paribas, JPMorgan, ING, RBS, UBS; roadshow started May 30; lender based in Seoul, South Korea.

RHB BANK BHD.: $300 million to $500 million senior notes; Bank of America Merrill Lynch, Goldman Sachs; Kuala Lumpur-based lender.

GLOBAL BIO-CHEM TECHNOLOGY GROUP CO. LTD.: Bonds; HSBC; Regulation S; proceeds for repayment of existing debt; Hong Kong-based manufacturer and seller of corn-related products.

COSTA RICA: Possible notes.

CHINA CITIC BANK CORP. LTD.: Up to RMB 30 billion by end of 2013; HSBC, UBS; Hong Kong-based business conglomerate.

PROVINCE OF BUENOS AIRES: $500 million bonds.

GLOBAL DAIRY HOLDINGS LTD.: Renminbi notes; Bank of America Merrill Lynch, Macquarie Group; proceeds for general corporate purposes and to finance company's vertical integration plan; milk and milk products manufacturer and marketer based in Hong Kong.

ZAMBIA: Dollar notes.

VIETNAM BANK FOR INDUSTRY AND TRADE (VIETINBANK): $500 million to $1 billion notes; Barclays, HSBC; issuance likely in 2011.

TECHNIKABANK OJSC: Dollar notes (//B-); Commerzbank AG, HSBC; change-of-control put if three main shareholders cease to own more than 50% of company; Azerbaijan-based lender.

SLOVAK REPUBLIC: Tap of bonds due Feb. 24, 2016; KBC Group, Erste Group, Intesa Sanpaolo Group.

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

OAO ASB BELARUSBANK: Dollar-denominated bond of up to $500 million.

AL BARAKA BANKING GROUP: Up to $500 million sukuk issue of five-year notes; Bahrain-based Islamic lender.

ARAMCO: $1 billion sukuk with France's Total; Credit Agricole, Deutsche Bank, Samba Financial; state-owned national oil company based in Dhahran, Saudi Arabia.

BANCO DE CHILE: Dollar-denominated notes; Santiago, Chile-based lender.

UNITED GULF BANK: Bonds; Standard Chartered; Bahrain-based lender and subsidiary of Kuwait-based Kipco.

SRI LANKA TELECOM PLC: Up to $125 million of bonds; proceeds to fund expansion plans; telecommunications service provider based in Colombo, Sri Lanka.

KENYA ELECTRICITY GENERATING CO. LTD. (KENGEN): Planned $1 billion bond issue; proceeds to finance $4.5 billion expansion plans; power producer based in Nairobi, Kenya.

TRANSCREDITBANK: Up to $400 million three-year notes; JPMorgan, BNP Paribas; pricing expected before the end of 2010; Moscow-based commercial bank and subsidiary of JSC Russian Railways.

ZAMBIA: Planned issue of $500 million to $1 billion bonds; proceeds for infrastructure improvements and power plant construction.

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 4: VNESHECONOMBANK: Notes with maturity of 10 years or more; BNP Paribas, JPMorgan, Morgan Stanley, RBS.

Started July 12: CHINA HONGQIAO GROUP LTD. Dollar-denominated or renminbi-denominated notes; JPMorgan, Barclays Capital, Deutsche Bank.

July 20-27: TURKIYE VAKIFLAR BANKASI TAO (VAKIFBANK): Dollar bond; Barclays Capital, Goldman Sachs, JPMorgan, Standard Chartered Bank.

Started Aug. 5: INDIAN RAILWAY FINANCE CORP. LTD.: Dollar-denominated fixed-rate notes; Bank of America Merrill Lynch, Citigroup, Deutsche Bank, JPMorgan.

Started Aug. 5: CARIBBEAN FINANCIAL GROUP HOLDINGS LP: Notes; JPMorgan.

Aug. 30-Sept. 1: CRESUD SA COMERCIAL INMOBILIARIA FINANCIERA Y AGROPECUARIA: Dollar notes; Banco Itau.

Sept. 5-7: CONSTRUTORA NORBERTO ODEBRECHT SA: Possible notes; Credit Suisse, Deutsche Bank, Goldman Sachs; roadshow Sept. 5-7; engineering and construction company based in Sao Paulo.

Sept. 13-15: BBVA BANCO CONTINENTAL: Possible notes; Goldman Sachs, JPMorgan.

Started Sept. 14: MINERVA SA: Possible notes; Goldman Sachs, BTG Pactual, Morgan Stanley, BB Securities.

Starting Sept. 15: KOREA NATIONAL OIL CORP.: Possible dollar bonds; Barclays Capital, Bank of America Merrill Lynch, HSBC, Korea Development Bank, RBS.

Starting Sept. 19: POLSKIE GORNICTWO NAFTOWE i GAZOWNICTO SA (PGNiG): Up to €1.2 billion fixed-rate or floating-rate notes with maturities of up to 10 years; SG CIB, BNP Paribas, Unicredit.

Upcoming: TEMASEK HOLDINGS: Possible notes; DBS, Deutsche Bank, Morgan Stanley, UBS.

Upcoming: GAZPROMBANK: Possible notes; UFJ Mitsubishi Securities.

Upcoming: UNION BANK OF INDIA: Dollar notes; Bank of America Merrill Lynch, Barclays Capital, Citigroup, Deutsche Bank, HSBC, Standard Chartered Bank.

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