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Published on 1/22/2014 in the Prospect News Emerging Markets Daily.

Emerging markets calendar

ASIA

Jan. 20 Week

KOREA GAS CORP.: Possible notes; BofA Merrill Lynch, Barclays, Goldman Sachs, JPMorgan, UBS; to roadshow week of Jan. 20; natural gas company based in Seongnam, South Korea.

CHU KONG PETROLEUM AND NATURAL GAS STEEL PIPE HOLDINGS LTD.: Renminbi notes; DBS; Regulation S; roadshow started Jan. 22; Chinese welded steel pipe company.

CHINA UNIVERSAL INTERNATIONAL LEASING: RMB1 billion three-year notes; Bank of Communications, BNP Paribas; Regulation S; talked at 5.8% area.

2014

MANILA ELECTRIC CO. (MERALCO): $250 million-$300 million notes; Pasig City, Philippines-based electrical power distributor.

SAPURAKENCANA BHD.: Dollar sukuk; proceeds to refinance debt and finance acquisition; oilfield services provider in Kuala Lumpur.

On The Horizon

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

CHINA XD PLASTICS CO. LTD.: Notes; Rule 144A/Regulation S; Harbin, Heilongjiang-based manufacturer of engineering resins.

EMERGING EUROPE & CENTRAL ASIA

Jan. 20 Week

SLOVENIA: Possible benchmark-sized, dollar-denominated notes; Barclays, Goldman Sachs, JPMorgan; Rule 144A/Regulation S; roadshow started Jan. 21.

DELTACREDIT BANK: Rub notes; Citigroup, Sberbank, Societe Generale; Rule 144A/Regulation S; roadshow starts Jan. 23; lender based in Moscow.

EESTI ENERGIA AS: Possible tap of 4¼% euro notes due Oct. 2, 2018; Deutsche Bank, Nordea Markets; utility based in Tallinn, Estonia.

February

OJSC GAZPROM: Eurobonds.

2014

TURKIYE IS BANKASI AS (ISBANK): As much as $5 billion of bonds; lender based in Istanbul.

BULGARIA: Up to €1 billion of bonds.

INTERNATIONAL BANK OF AZERBAIJAN: $500 million notes; government-controlled bank based in Baku, Azerbaijan.

AZERBAIJAN: Up to $1 billion of bonds; Barclays, Citigroup, Deutsche Bank.

CITY OF PRAGUE: €200 million bonds.

SEKERBANK TAS: Up to $300 million of bonds; Istanbul-based lender.

LATIN AMERICA

Jan. 20 Week

BANCO SANTANDER BRAZIL SA: Two-tranche issue of dollar-denominated notes, including 7 3/8% perpetual notes and 6% notes due Jan. 29, 2024; Santander; Securities and Exchange Commission registered; proceeds for general corporate purposes; bank is based in Brazil.

GRUPO UNICOMER: Up to $300 million notes due up to 2024 (expected rating: //BB-); international retailing group based in El Salvador.

FIBRA UNO: Dollar notes (expected ratings: Baa2//BBB); BBVA, Credit Suisse, Deutsche Bank, Santander; roadshow started Jan. 17; Rule 144A/Regulation S; commercial real estate company in Mexico.

EMPRESA DE TRANSPORTE DE PASAJEROS METRO SA (METRO DE SANTIAGO): Up to $500 million of notes due 2024 (expected ratings: /AA-/A); BBVA, Deutsche Bank; Rule 144A/Regulation S; roadshow ahead; proceeds to fund capital expenditures and for general corporate purposes; Chile's state-owned mass transport firm, which manages Santiago's rapid transit system.

GRUPO FAMSA SAB DE CV: $50 million notes due in one year; Espirito Santo Investment Bank; Regulation S; talked at 6¼% to 6½%; retail company based in Monterrey, Mexico.

2014

CONCESIONARIA MEXIQUENSE SA DE CV (CONMEX): International bonds; Mexico-based leader of financing, design and building of sections of the Mexico City Ring Road Circuito Exterior Mexiquense.

MIDDLE EAST & AFRICA

Jan. 20 Week

KUWAIT PROJECTS CO. (KIPCO): Dollar notes; BNP Paribas, HSBC, JPMorgan; marketing trip starts Jan. 23; Kuwait-based investment holding company.

Early 2014

DUBAI INVESTMENTS PJSC: $300 million Islamic bonds.

ELLOMAY CAPITAL: NIS 120 million 4.6% series A debentures due December 2023; proceeds to repay about €13.5 million of debt to Israel Discount Bank Ltd. and for its operations and other general corporate purposes; Tel Aviv company conducts business in energy and infrastructure sectors worldwide.

IVORY COAST: $1 billion eurobonds.

KENYA POWER: Global bonds; based in Nairobi, Kenya.

SAUDI ELECTRICITY CO.: Islamic bonds in riyals and dollars; Banque Saudi Fransi and HSBC for the riyal notes; HSBC, Deutsche Bank, JPMorgan for dollar notes; utility company based in Riyadh, Saudi Arabia.

REPUBLIC OF TANZANIA: Up to $700 million of notes; pricing expected in the first half of the year.

Roadshows

Started Jan. 17: FIBRA UNO: Dollar notes (expected ratings: Baa2//BBB); BBVA, Credit Suisse, Deutsche Bank, Santander.

Week of Jan. 20: KOREA GAS CORP.: Possible notes; BofA Merrill Lynch, Barclays, Goldman Sachs, JPMorgan, UBS; to roadshow week of Jan. 20; natural gas company based in Seongnam, South Korea.

Started Jan. 21: SLOVENIA: Possible benchmark-sized, dollar-denominated notes; Barclays, Goldman Sachs, JPMorgan.

Started Jan. 22: CHU KONG PETROLEUM AND NATURAL GAS STEEL PIPE HOLDINGS LTD.: Renminbi notes; DBS.

Starting Jan. 23: DELTACREDIT BANK: Rub notes; Citigroup, Sberbank, Societe Generale.

Starting Jan. 23: KUWAIT PROJECTS CO. (KIPCO): Dollar notes; BNP Paribas, HSBC, JPMorgan.


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