Emerging markets calendar

OCTOBER:

PEOPLE'S REPUBLIC OF CHINA: $500 million bonds due 2009 via Goldman Sachs & Co., JP Morgan, Merrill Lynch & Co., Morgan Stanley and €1 billion-denominated bonds due 2014 (A2/BBB+) via BNP Paribas, Deutsche Bank, UBS AG; Regulation S; roadshow for euro-denominated bonds in Hong Kong on Oct. 15, Milan on Oct. 18, Frankfurt and Paris on Oct. 19, London on Oct. 20.

COSAN SA: minimum $150 million five-year bonds (Ba3/NR); Morgan Stanley, Credit Suisse First Boston; non-callable for life; roadshow started in London on Oct. 11, Geneva and Zurich on Oct. 12, New York on Oct. 13, Boston on Oct. 14 and the West Coast on Oct. 15; Brazilian sugar producer.

KAZKOMMERTSBANK: $300 million five-year fixed rate notes (Baa2/BB-/BB); ING, UBS Investment Bank, Rule 144A/Regulation S; roadshow starts on Oct. 14 in Singapore, Hong Kong and U.S. West Coast on Oct. 15, Geneva, Zurich and Boston on Oct. 18, Athens and New York on Oct. 19, Frankfurt and the New York area on Oct. 20 and London on Oct. 21; one of the three largest banks in Kazakhstan; to be listed on the Luxembourg Stock Exchange.

PAN AMERICAN ENERGY LLC SURCURSAL ARGENTINA: $100 million five-year notes (B1/B/B+); Deutsche Bank; Rule 144A/Regulation S; roadshow started Oct. 7 though Oct. 20; pricing expected Oct. 20; guaranteed by Pan American Energy; Pan American Energy is held jointly by BP (60%) and Bridas Corp. (40%); second largest oil producer in Argentina.

CORPORACION DEL COBRE DE CHILE (CODELCO): $500 million 10-year senior unsecured notes (A2/A); Citigroup, HSBC; roadshow in Hong Kong on Oct. 14, Singapore on Oct. 15, United States and Europe during week of Oct. 18; based in Santiago, Chile; world's biggest copper producer.

REPUBLIC OF HUNGARY: euro-denominated benchmark bond; seven-year bullet; (A1/A-/A-); Dresdner Kleinwort Wasserstein, JP Morgan; roadshow will start in Frankfurt on Oct. 18, and then Copenhagen on Oct. 19, next in Amsterdam and Zurich on Oct. 20, then stopping in Madrid on Oct. 21, and wrapping up in London on Oct. 22.

PROMSVYAZBANK FINANCE SA: $150 million two-year loan participation notes (expected B1/B-/B); ING, UBS Investment Bank; used to finance a loan to Moscow-based Promsvyazbank; marketing started in Singapore on Oct. 12, Zurich and Geneva on Oct. 13, London on Oct. 14; guidance at 10% to 10¼%.

KOREA DEVELOPMENT BANK: $500 million floating-rate notes (A3) Morgan Stanley, Goldman Sachs; refinance maturing debt; expected during second half of October.

ENERGORYNOK (UKRAINE) $300 million debut international bond with three- or five-year maturity; JP Morgan; Regulation S; non-callable; Ukrainian state-owned power company.

PT INDOFOOD SUKSES MAKMUR: $250 to $300 million bonds; to refinance company's bond due 2007; world's largest instant noodle maker; based in Jakarta, Indonesia.

ROSBANK: $250 million five-year eurobond; Credit Suisse First Boston, Merrill Lynch; early October business.

LA ELECTRICIDAD DE CARACAS: $100 million notes; ABN Amro; Venezuelan electric company.

NOVEMBER:

ALROSA CO. LTD: $300 million seven-to 10 eurobond (B3/B); JP Morgan, ING Financial Services; to refinance debt, including inaugural bond offering from 2003; Moscow-based diamond company.

FOURTH QUARTER:

JSC TRANSCREDITBANK: $120-$150 million eurobonds (long term credit rating B-); Regulation S; to finance investment projects; Moscow-based bank for Russian Railways; debut global issue; expect in October or November.

PT BANK MANDIRI: $150 million eurobond (B2/B); to refinance maturing debt; based in Jakarta, Indonesia; state-owned lender; October or November business.

EMERGING MARKET OFFERINGS ON THE HORIZON

PT BANK INTERNASIONAL INDONESIA: $150 million bonds; controlled by Singapore's state-owned investment company Temasek Holdings Pte.

BELIZE: $200 million minimum bonds; (Ba3/B+); Deutsche Bank Securities, Morgan Stanley.

CHOHUNG BANK: U.S. dollar- denominated bonds; Citigroup, UBS Investment Bank; for refinancing; based in Seoul; unit of Shinhan Financial Group.

EAST LINE CAPITAL SA: Eurobonds (company ratings B3/B-); Isle of Man holding company owns a number of businesses that operate predominantly in Russia; holding investor meetings in selected European centers; deal expected to come later this year.

HANARO TELECOM: $600 million notes (//BB-); South Korea's second largest high-speed Internet provider; expected to price this year.

HONG LEONG BANK: $150 million bond offering; Malaysian financial services provider.

HUTCHINSON WHAMPOA LTD.: bond offering; Hong Kong-based telecommunications conglomerate.

HYUNDAI MOTOR CO.: $150-$200 million offshore floating-rate bonds (Ba1/BB), maturity to be determined; to repay debt; South Korean auto maker; pre-marketing.

INDIAN RAILWAY FINANCE CORP.: $200 million five- to seven- year floating-rate notes; financing vehicle for state-owned Indian Railway.

INTERGAZ: $150 million five-year eurobond (Baa3/BB); ABN Amro; JP Morgan; Intergaz Central Asia is part of Kazakhstan's state oil and gas holding KazMunaiGas.

STATE OF ISRAEL: €400 million bond issue (A2/A-/A-); Deutsche Bank, Morgan Stanley; Regulation S.

KAZAKHMYS: $240 million bonds; Credit Suisse First Boston; copper company in Kazakhstan.

KAZMUNAIGAZ: $250 million eurobond; ABN Amro, JP Morgan; Kazakhstan's state oil and gas company.

KHAZANAH NASIONAL BHD: To tap overseas capital markets; dollar-denominated or local currency- denominated bond offering; Malaysian government investment company.

KOREA ELECTRIC POWER CORP: $300 million bonds; Seoul-based power company.

KOREA HIGH SPEED RAIL CONSTRUCTION AUTHORITY: $300 to $500 million bonds; this year.

PT KRAKATAU: $400 million bond, tenor and structure to be determined; to fund expansion of the steel business; Jakarta, Indonesia steel manufacturer; 2004 business.

LI & FUNG LTD.: $300 million bonds; for future acquisitions; Hong Kong-based trading and supply chain management company.

OAO LUKOIL: $500 million 10-year eurobonds (BB) as part of 2004 borrowing program; Credit Suisse First Boston, Deutsche Bank Securities; Rule 144A/Regulation S; Russian oil company.

MANILA ELECTRIC: $200 to $250 million five- to seven-year notes; refinance existing debt; price this summer; largest power distributor in the Philippines.

OAO MEGAFON: $375 million eurobonds, Citibank and ING; pending shareholder approval; Regulation S; Russia's third largest mobile phone company.

MEZHPROMBANK: $200 billion eurobond (B-); pricing expected at end of year; one of 20 major banks in Russia.

OBEDINENNYE MASHINOSTROITELYNE ZAVODY: $100 million eurobond; Russian engineering group; expected in 2005.

OVERSEA-CHINESE BANKING CORP.: $300 to $500 million bond offering; (expected Citigroup, Deutsche Bank.)

PETROKAZAKHSTAN: $150 million 10-year notes; JP Morgan; Regulation S; based in Calgary, Canada; vertically integrated, international energy company; largest supplier of refined products in Kazakhstan and owns one of the three refineries in that country.

PHILIPPINE NATIONAL BANK: $140 million step-up subordinated bonds due 2014 (Ba1); JP Morgan; roadshow originally completed in December 2003, deal rescheduled; price talk 9%-9¼%.

RELIANCE INDUSTRIES: $750 million bond due 2009; Credit Suisse First Boston, ABN Amro; diversified group of Indian manufacturing companies; pricing expected in third quarter.

ROMPETROL GROUP NETHERLANDS NV: €250 million senior notes (-/B-/B-), three- to seven-year maturity anticipated; JP Morgan; to finance infrastructure investments and repay subsidiaries' debt; vertically integrated Romanian private oil company, based in Bucharest; (postponed).

REPUBLIC OF ROMANIA: €600 million 10-year notes (Ba3/BB); Regulation S; expected in the first half.

RUSSIAN RAILWAYS: $500 million to $1 billion five- to 10- year eurobond; state-owned rail; pricing in 2005.

SEVERALMAZ: add-on to existing $100 million eurobond due 2006; ING; Regulation S; Arkhangelsk, Russia diamond company.

SRI LANKA: bond offering up to $400 million; for budget deficit.

SRI LANKA TELECOM: bond offering due 2009; joint venture between the Government of Sri Lanka and NTT of Japan.

STATE BANK OF INDIA: $500 million bonds; India's largest commercial bank, headquartered in Mumbai.

STATS CHIPPAC LTD.: Senior notes; Rule 144A/Regulation S; to fund tender for ChipPac International Co. Ltd.'s $165 million 12¾% senior subordinated notes due 2009; Deutsche Bank Securities dealer manager, offer expires Oct. 4; provider of semiconductor packaging design, assembly, test and distribution solutions; headquartered in Singapore and Fremont, Calif.

TATA MOTORS: $500 million long-term bonds; to fund capital expenditures, product development and refinancing acquisition of Daewoo; Indian auto manufacturing company.

TECHTRONIC INDUSTRIES CO.: $300 million seven- or 10-year global bonds; to help pay for the acquisition of Sweden's Atlas Copco AB for $626.6 million; Hong Kong-based maker of power tools.

TRANSPORTADORA DE GAS DEL PERU: $275 million bond offering; to finance the construction of pipelines across the Andes to bring gas to Lima; unit of Buenos Aires-based Techint.

UKRSOTSBANK: $100 million three-year bonds (B2); ABN Amro; Regulation S; Kiev, Ukraine-based bank.

YUZHMASH: $130 million five-year bond offering (B1/B); Regulation S; government guaranteed; Ukrainian rocket manufacturer.

ROADSHOWS:

Oct. 7-20: PAN AMERICAN ENERGY LLS SUCURSAL ARGENTINA: $100 million five-year notes (B1/B/B+); Deutsche Bank

Oct. 11-15: COSAN SA: minimum $150 million five-year bonds (Ba3/NR); Morgan Stanley, Credit Suisse First Boston

Oct. 12-14: PROMSVYAZBANK FINANCE SA: $150 million two-year loan participation notes (expected B1/B-/B); ING, UBS Investment Bank

Oct. 14-21: KAZKOMMERTSBANK: $300 million five-year fixed rate notes (Baa2/BB-/BB); ING, UBS Investment Bank

Oct. 14-week of Oct. 18: CORPORACION DEL COBRE DE CHILE (CODELCO): $500 million 10-year senior unsecured notes (A2/A); Citigroup, HSBC.

Oct. 15 - week of Oct. 18: PEOPLE'S REPUBLIC OF CHINA: €1 billion bonds due 2014 (A2/BBB+); BNP Paribas, Deutsche Bank, UBS AG

Oct.18-22: REPUBLIC OF HUNGARY: euro-denominated benchmark bond; seven-year bullet; (A1/A-/A-); Dresdner Kleinwort Wasserstein, JP Morgan

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.