HONG KONG, May 20 (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
================================================================
ISSUER SIZE PRICING LEADS TENOR RATINGS
(S&P/MOODY'S)
================================================================
Korea -- -- Barclays/ -- A/A2
Hydro & Citi/
Nuclear Deutsche/
Power Goldman
The unit of South Korean state-run electricity provider KEPCO
(015760.KS) is eyeing a dollar bond sale within the first half of
the year, but is also looking at raising the money domestically
instead. [ID:nHKG310152]
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
sukuks, this year. [ID:nT323295]
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Korea $500mln June BoA-ML/ -- A/A2
Gas Deutsche/
Corp JPMorg.
(036460.KS)
State-run KOGAS is planning a dollar bond issuance for June, a
source familiar with the details said. [ID:nHKG284857]
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Korea -- -- Barclays/ 5-yr A/A2
Railroad Calyon/
Citi/
HSBC/
M.Stanley
The South Korean national railroad operator plans to sell
five-year dollar-denominated bonds this year. [ID:nSEO316407])
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Korea -- -- RBS -- A/A2
Electric
Power
Corp
(015760.KS)
State-run utility KEPCO hired RBS to arrange a non-deal roadshow
with Asian, European and U.S. investors on May 18-21.
[ID:nHKX001224]
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Temasek -- -- -- -- AAA/Aaa
Holdings
[TEM.UL]
The Singapore state investor may issue more bonds consisting of
different maturities in the future, according to a speech by
Temasek's CEO posted on its web site. [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 economy has long been rumoured to be
considering its first sovereign bond issuance ever, though 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]
(Reporting by Rafael Nam; Editing by Jacqueline Wong)
