HONG KONG, Sept 10 (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:
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ISSUER SIZE PRICING LEADS TENOR RATINGS
(S&P/MOODY'S)
================================================================
Philippines $750mln -- -- -- BB-/B1
(National Treasurer Roberto Tan said on Sept. 9 the country will likely not tap
international debt markets after the Philippines had previously said it could
raise as much as $750 million in sovereign debt before the end of 2008.
[ID:nMAN143698])
POTENTIAL ISSUERS
================================================================
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])
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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])
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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.)
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POSCO -- -- Baruly 21 to pick lead managers for its planned bond sale, an official at KNHC
told Reuters. [ID:nSEO77303])
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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])
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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])
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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])
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Woori $500 mln -- Barclays/ 5-yr A-/A2
Bank Del/
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])
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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])
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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])
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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.)
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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 Ken Wills)
