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