Monday February 23, 09:12 AM
DIARY-Eurobond issuance in Asia ex-Japan: Indon., IBK, Hyundai
HONG KONG, Feb 23 (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)
================================================================
Indonesia -- -- Barclays (LSE: BARC.L - news) / -- BB-/Ba3
UBS
(Indonesia still plans to launch global bonds and global sukuks, Finance
Mininster Sri Mulyani Indrawati said on Feb. 23. The country previously
appointed Barclays and UBS (Virt-X: UBSN.VX - news) as underwriters for a dollar bond issuance. and
The country on Feb. 21 also announced it will issue up to $1.5 billion of
Samurai bonds from March, with the debt to be guaranteed by state-backed Japan
Bank for International Cooperation.)
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Industrial -- -- Citi/ -- A/A2
Bank of Merrill
Korea
(IBK plans a non-deal roadshow the week of Feb. 23 with stops in Singapore,
Kuala Lumpur and Hong Kong. The South Korean lender also plans to visit U.S.
investors.
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Hyundai -- -- Deutsche/ -- BBB/Baa2
Capital Merrill
(The auto financing arm of the Hyundai Motor Group plans a non-deal roadshow
the week of Feb. 23 with stops in Singapore and Kuala Lumpur
POTENTIAL ISSUERS
================================================================
ISSUER SIZE PRICING LEADS TENOR RATINGS
(S&P/MOODY'S)
================================================================
San -- Q1 Citi/ -- BB/Ba2
Miguel C.Suisse/
Brewery Deutsche/ RBS (LSE: RBS.L - news) /
UBS/
(The flagship unit of Philippines food and drinks group San Miguel Corp said on Feb. 20 it will sell up to 38.8 billion pesos ($805
million) in bonds, indicating it may scrap a plan to raise part of the amount
offshore)
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POSCO (005490.KS - news) -- -- Citi/ -- A/A1 Deutsche/
Goldman/
HSBC (LSE: HSBA.L - news) /
Merrill
(The South Korean steel maker is considering a global bond sale as early as
February, according to sources.)
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South -- -- Barclays/ -- A/A2
Korea Goldman/
HSBC/
Nomura/
Samsung (000830.KS - news) /
UBS
(South Korea was set to sell a 10-year sovereign bond in September, but shelved
its deal after disagreements over pricing. The country is expected to revive its
issuance, though it may be under different lead managers).
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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)
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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 (5GZ.SI - news) -/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.)
(Reporting by Rafael Nam)
Keywords: ASIA BONDS/DIARY
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