Monday October 19, 04:33 AM
DIARY-Eurobond issuance in Asia ex-Japan:Temasek, Noble mandates
HONG KONG, Oct 19 (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
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ISSUER SIZE PRICING LEADS TENOR RATINGS
(S&P/MOODY'S)
================================================================
Temasek -- -- Deutsche/ 10 yr AAA (Xetra: 722800 - news) /Aaa
Holdings Goldman S/
Morg.Stan.
Temasek plans to make a benchmark-sized offer of 10-year bonds
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Noble -- -- HSBC (LSE: HSBA.L - news) /RBS (LSE: RBS.L - news) due BBB-minus
Group Goldman S./ 2020 (Fitch)
JP Morgan
Noble Group (N21.SI - news) plans dollar bonds to partly fund buyback of its
2015 bonds
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POTENTIAL ISSUERS
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ISSUER SIZE PRICING LEADS TENOR RATINGS
(S&P/MOODY'S)
================================================================
State Bank (SBAZ.OB - news) -- expect HSBC/UBS (Virt-X: UBSN.VX - news) / 5-yr --
of India Oct. Barclays (LSE: BARC.L - news) /
JPMorgan/Citi
India's largest commercial bank plans a series of investor
meetings ahead of a global bond sale
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Lumena -- -- Credit 5yrNC3yr BB-minus/B1
Resources Suisse/ Deutsche/
BOCI
Lumena is making investor presentations ahead of a possible sale
of five year bonds not callable for three years.
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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.
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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.
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Hong Kong Up -- HSBC/ -- A-/A1
Gas to M.Stanley (Berlin: SYC.BE - news) /
$1bln RBS
The Hong Kong gas distributor, also known as Towngas, set up an
up to $1 billion medium-term note programme.
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Hyundai (011760.KS - news) -- -- 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
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Mongolia -- -- -- -- BB-/B1
Mongolia has shortlisted Deutsche Bank (Xetra: 514000 - news) , Goldman Sachs (NYSE: GS - news) , HSBC, ING
and Morgan Stanley (NYSE: MS - news) 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 (Frankfurt: A0Z24E - news) 2008
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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.
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(Reporting by Umesh Desai)
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