DIARY-Eurobond issuance in Asia ex-Japan:Sri Lanka $500 mln debt

Tue Aug 11, 2009 10:13pm EDT

 HONG KONG, Aug 12 (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)
================================================================
SRI LANKA    $500 mln   --         --       --         B(neg.)/
                                           Fitch B-plus(neg.)
* Sri Lanka is planning to issue $500 million of five-year dollar
bonds, aiming for a coupon rate of around 7 percent.
[ID:nCOL60119]
* Sri Lanka is considering a $500 million sovereign bond issue
among possible fundraising options and expects to make a decision
in the next few weeks, central bank governor Ajith Nivard Cabraal
said. [ID:nSP417837]
* Sri Lanka is meeting global investors in New York, Boston and
London this week to appraise them about the situation in the
country after the end of its 25-year civil war. [ID:nHKG291005]
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    POTENTIAL ISSUERS 
================================================================
ISSUER       SIZE   PRICING       LEADS   TENOR          RATINGS
                                                (S&P/MOODY'S)
================================================================
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 known as Towngas, set up an
up to $1 billion medium-term note programme. [ID:nHKG185950]
----------------------------------------------------------------
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]
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 (Reporting by Umesh Desai; Editing by Chris Lewis)




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