DIARY-Eurobond issuance in Asia ex-Japan: S.Korea
HONG KONG, Sept 5 (Reuters) - The following are planned or potential foreign-currency denominated debt issuances from Asia, excluding Japan.
The most recently announced or priced deal is highlighted first, followed by other potential issuances listed by the expected timeframe for the deal.
LATEST DEVELOPMENTS: ================================================================ ISSUER SIZE PRICING LEADS TENOR RATINGS
(S&P/MOODY'S) ================================================================ South $1 bln Week Barclays/ 10-yr A/A2 Korea of Goldman/
Sept. 8 HSBC/
Lehman/
Samsung/
UBS (South Korea set a roadshow for its bond offering on Sept 8-11, with stops in Asia, Europe and the United States. Pricing could come soon thereafter. [ID:nSEO130530])
POTENTIAL ISSUERS ================================================================ ISSUER SIZE PRICING LEADS TENOR RATINGS
(S&P/MOODY'S) ================================================================ Kerry -- -- Deutsche -- BBB-/-- Properties (0683.HK) (The Hong Kong-listed property investor and developer will meet bond investors in Hong Kong, Singapore and London the week of Sept. 1 to provide an update on the company, a source with knowledge of the plans said. [ID:nHKG56463]) ---------------------------------------------------------------- Axis -- -- RBS -- --/Baa2 (AXBK.BO) (The Indian lender met bond investors in Singapore and Hong Kong Aug 25-26 as part of a non-deal roadshow, an investor briefed on the plans said.) ---------------------------------------------------------------- POSCO -- -- Barclays/ -- BBB+/Baa1 Engineering Citi/ & Construction HSBC (The construction unit of South Korean steel maker POSCO (005490.KS) met investors in Hong Kong and Singapore on the week of July 21 as part of a non-deal global bond roadshow, market sources told Reuters) ---------------------------------------------------------------- Korea $300mln Sept -- 5-yr A/A2 National to or or Housing $500mln Oct more Corp (The state-run company will send requests for proposals (RFPs) in the week of July 21 to pick lead managers for its planned bond sale, an official at KNHC told Reuters. [ID:nSEO77303]) ---------------------------------------------------------------- KEXIM $1 bln -- Barclays/ 10-yr A/Aa3
Deutsche/
Depfa/
Merrill/
M.Stanley\
(Export-Import Bank of Korea (KEXIM) is considering selling
around $1 billion in 10-year bonds, according to a source
familiar with the plans said in late May. [ID:nSP280389])
----------------------------------------------------------------
STATS $500 mln Sept C.Suisse/ 5-yr BB+/Ba1
ChipPAC Deutsche
(STTS.SI)
(The microchip packaging firm delayed its planned benchmark sale
of five-year bonds but may relaunch the deal as early as
September, a source close to the deal said on Aug 11.
[ID:nHKG255584])
----------------------------------------------------------------
Shinhan -- -- Citi/ -- BBB+/--
Card Goldman
(The South Korean credit card firm went on a non-deal bond
roadshow June 24-26 in Asia and London, a source with direct
knowledge of the plans said. [ID:nHKG161556])
----------------------------------------------------------------
G Steel -- -- UBS -- /B3
GSTE.BK
(The Thai steel coil maker met investors in Asia and London in
June and July as part of a non-deal roadshow, a source with
direct knowledge of the plans said. [ID:nHKG301387])
----------------------------------------------------------------
Woori $500 mln -- Barclays/ 5-yr A-/A2
Bank Deutsche/
HSBC/
Lehman/
Merrill/
M.Stanley
(The lending unit of South Korea's Woori Finance Holdings
(053000.KS) put on hold its bond issuance, originally intended
for July, due to weak market conditions. [ID:nHKG107685])
----------------------------------------------------------------
Kookmin -- -- Barclays/ -- A/Aa3
Bank BNP/
060000.KS Citi/
Merrill (South Korea's biggest lender met with investors in Asia and Europe in early June as part of a non-deal roadshow, according to an email sent to investors. [ID:nHKG221529]) ---------------------------------------------------------------- Philippines $750mln -- -- -- BB-/B1 (The Philippines may tap up to $750 million from global markets later this year to help fund aid to the poor, the country's financial secretary said on June 4. [ID:nMAN86596]) ---------------------------------------------------------------- KDB -- -- Barclays/ -- A/Aa3
JPMorg./
Merrill/
UBS/ (Korea Development Bank met with bonds investors in Europe, the United States and Asia in June as part of a non-deal roadshow to brief them on the lender's privatisation plans. [ID:nHKG297337]) ---------------------------------------------------------------- Daewoo -- -- JPMorgan -- --/-- Capital (The South Korean auto financing firm met with investors in Asia in April along with JPMorgan as part of a non-deal roadshow, a market source told Reuters.) ---------------------------------------------------------------- Unified $110 mln -- Deutsche/ 3-yr --/-- Holdings JPMorgan (The unit of Philippine power producer First Gen (FGEN.PS) announced its deal on early June, but no update has been provided.) (Reporting by Rafael Nam; Editing by Jonathan Hopfner)
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