Tuesday October 20, 05:09 AM
DIARY-Eurobond issuance in Asia ex-Japan:State Bank of India
HONG KONG, Oct 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 DEVELOPMENT
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ISSUER SIZE PRICING LEADS TENOR RATINGS
(S&P/MOODY'S)
================================================================
State Bank (SBAZ.OB - news) -- Oct. HSBC (LSE: HSBA.L - news) /UBS (Virt-X: UBSN.VX - news) / 5-yr BBB-/Baa2
of India 20 Barclays (LSE: BARC.L - news) /
JPMorgan/Citi
India's largest commercial bank issues price guidance for
benchmark-sized deal seen priced in London hours
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Bank of -- -- -- -- --
East Asia
The Hong Kong-based lender says it is planning a fundraising
exercise with some media reports suggesting it could be a $500
million-$600 million debt issue.
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POTENTIAL ISSUERS
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ISSUER SIZE PRICING LEADS TENOR RATINGS
(S&P/MOODY'S)
================================================================
Noble -- -- JPMorgan/ due BBB-minus/Baa3
Group HSBC/RBS (LSE: RBS.L - news) / 2020
Goldman Sachs (NYSE: GS - news)
Noble Group (N21.SI - news) plans a dollar bond deal to partly fund the buyback
of 2015 bonds.
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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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Temasek -- -- -- -- AAA (Xetra: 722800 - news) /Aaa
Holdings
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.
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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, 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; Editing by Chris Lewis)
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