DIARY-Eurobond issuance in Asia ex-Japan:State Bank of India

Mon Oct 12, 2009 4:44am EDT

 HONG KONG, Oct 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)
================================================================
State Bank    --      expect    HSBC/UBS/  5-yr            -- 
 of India              Oct.     Barclays/
                             JPMorgan/Citi
India's largest commercial bank plans a series of investor
meetings ahead of a global bond sale [ID:nLC293432]
----------------------------------------------------------------
 POTENTIAL ISSUERS
================================================================
ISSUER       SIZE   PRICING       LEADS   TENOR          RATINGS
                                                (S&P/MOODY'S)
================================================================
Adaro Energy  --        --       DBS/UBS  10yrNC5yr  BB-plus
                                                (Fitch)/Ba1
Coal producer Adaro in road shows in London and the United
States. [ID:nHKG178720]
Adaro plans to sell dollar bonds and has mandated three banks for
the global offering. [ID:nHKG103587]
----------------------------------------------------------------
Korea         --        --       BofA Merrill --         A/A2
Expressway                       Deutsche/
                              HSBC/KDB
State-run Korea Expressway mandates four banks for
benchmark-sized dollar bond deal. [ID:nHKG32068]
----------------------------------------------------------------
Lumena        --      --        Credit    5yrNC3yr  BB-minus/B1
 Resources                      Suisse/
(0067.HK)                       Deutsche/
                             BOCI
Lumena is making investor presentations ahead of a possible sale
of five year bonds not callable for three years. [ID:nHKG130121]
----------------------------------------------------------------
SRI LANKA    $500 mln   --      JPMorgan/   --         B(neg.)/
                              HSBC/RBS      Fitch B-plus(neg.)
Sri Lanka is planning a five-year, $500 million sovereign dollar
bond in October and has named three banks to lead manage the
offer. [ID:nCMB000012]
----------------------------------------------------------------
PETROVIETNAM $500 mln                          
          to $1bln   --           --       --           --
Vietnamese state oil monopoly Petrovietnam is planning to raise
between $500 million and $1 billion in corporate bonds overseas
late this year or in early 2010 to fund projects.[ID:nHAN495216]
----------------------------------------------------------------
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, although 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)




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