DIARY-Eurobond issuance in Asia ex-Japan: KNOC tightens guidance

Thu Jul 23, 2009 5:56am EDT

 HONG KONG, July 23 (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 DEVELOPMENT
================================================================
ISSUER       SIZE     PRICING     LEADS   TENOR          RATINGS
                                                 (S&P/MOODY'S)
================================================================
Korea          --    300-312.5    BofA/    5 yr           A/A2
National Oil           bps        Barclays/
                     +         BNP/
                    UST        Deutsche/
                               JPM/KDB
State-owned Korea National Oil Corp (KNOC) tightened the price at
which it would sell its five-year dollar bonds after receiving a
solid response from investors, [ID:nHKG302731]
----------------------------------------------------------------
Hong Kong     --      115-125     HSBC/     5 yr      AA-plus/Aaa
Mortgage               bps+       JPMorgan
Corp.                   UST
Hong Kong Mortgage Corp. Ltd. (HKMC) is to sell five-year dollar
bonds at a yield of 115-125 basis points over comparable U.S.
treasuries. [ID:nHKG33919]
----------------------------------------------------------------
  POTENTIAL ISSUERS
================================================================
ISSUER       SIZE   PRICING       LEADS   TENOR          RATINGS
                                                (S&P/MOODY'S)
================================================================
Indonesia     Up      --           --       --           BB-/Ba3
           to            
        $1.5bln 
 Indonesia plans to issue up to $1.5 billion worth of Samurai
bonds this year, or bonds sold in Japan by overseas entities.
Southeast Asia's top economy has already raised $3 billion in
dollar-denominated debt and $650 million in Islamic bonds, or
sukuk, this year. [ID:nT323295]
----------------------------------------------------------------
Korea         --      --      Barclays/      5-year         A/A2
Railroad                        Calyon/
                               Citi/
                               HSBC/
                           M.Stanley 
 The South Korean national railway operator plans to sell
five-year dollar-denominated bonds this year. [ID:nSEO316407])
----------------------------------------------------------------
Hong Kong     Up      --          HSBC/       --           A-/A1
Gas           to            M.Stanley/
(0003.HK)   $1bln                 RBS
 The Hong Kong gas distributor, also called Towngas, set up an
up to $1 billion medium-term note programme. [ID:nHKG185950]
----------------------------------------------------------------
Perusahaan   --       --           --         --         BB-/Ba3
Listrik Negara 
 Indonesian state power company PLN hired Barclays Capital and
UBS to arrange a non-deal roadshow in mid-May. [ID:nHKG146933]
----------------------------------------------------------------
Temasek       --      --           --      --            AAA/Aaa
Holdings [TEM.UL] 
 The Singapore state investor may issue more bonds of
different maturities in the future, according to a speech by
Temasek's CEO posted on its website. [ID:nSIN444605]
----------------------------------------------------------------
Hyundai       --      --      Deutsche/     --          BBB/Baa2
 Capital                        Merrill 
 The auto financing arm of Hyundai Motor Group plans a
non-deal roadshow in the week of Feb. 23 with stops in Singapore
and Kuala Lumpur [ID:nHKG243280]
----------------------------------------------------------------
Mongolia      --      --           --       --            BB-/B1
Mongolia has shortlisted Deutsche Bank, Goldman Sachs, HSBC,
ING and Morgan Stanley as potential lead underwriters for an
inaugural global bond issuance, but the country has yet to give
an indication it will proceed with the sale.
----------------------------------------------------------------
Malaysia      --      --           --       --             A-/A3
  The country will consider issuing global bonds in 2009, the
country's Second Finance Minister Nor Mohamed Yackop said in
November 2008 [ID:nKLR350902]
----------------------------------------------------------------
 India         --      --           --       --         BBB-/Baa3
  The South Asian nation has long been rumoured to be considering
its first sovereign bond issuance ever, though it has not yet
provided official confirmation.
----------------------------------------------------------------
Taiwan        --      --           --       --           AA-/Aa3
Taiwan is considering selling treasury bonds abroad for the
first time to fund infrastructure projects aimed at spurring the
economy, officials and a newspaper said in December, but is in no
hurry to do so, according to the finance ministry. [ID:nL872961]
 (Reporting by Umesh Desai; Editing by Jacqueline Wong and Chris
Lewis)




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