Brasil Telecom Plans Five-Year Real Note: Emerging Bond Alert

The following borrowers in emerging markets are expected to sell international bonds. New information is followed by previously reported plans.

BRASIL TELECOM SA (BRTO4), a subsidiary of Telemar Norte Leste SA, plans to sell five-year senior unsecured bonds, according to three people with knowledge of the transaction.

The notes will be denominated in Brazilian reais and payments made in U.S. dollars, the people said. Bank of America Corp., Citigroup Inc., Deutsche Bank AG, HSBC Holdings Plc, Itau Unibanco Holding SA and Morgan Stanley are arranging the sale.

(Updated Sept. 8. News: BRTO4 BZ)


CATHAY FINANCIAL HOLDING CO. plans to sell up to $800 million of three-year bonds convertible to stocks overseas, the Taipei-based company said in an exchange statement. The proceeds will be used to strengthen financial structure and for merger and acquisitions, according to the statement.

(Added Aug. 11. News: 2882 TT)

INDONESIA hired HSBC Holdings Plc, Citigroup Inc. and Standard Chartered Plc to help it with a sale of as much as $1 billion of Islamic bonds, according to a person familiar with the matter who asked not to be identified as details are private.

(Added Aug. 26. News: 1133Z IJ)

UCU BANK, a Kolkata, India-based state-owned lender, will need “at least one month to take a call” on a dollar- denominated bond sale, General Manager S. Srinivasan said in an Aug. 10 interview. The bank hired BNP Paribas, Citigroup Inc., HSBC Holdings Plc, JPMorgan Chase & Co. and Standard Chartered Plc to manage the sale, said a person, who asked not to be identified because the details are private, on Aug. 5.

(Updated Aug. 10. News: UCO IN)


BANK OF GEORGIA hired two investment banks to explore a possible sale of international bonds, the lender said in an Aug. 3 statement.

(Added: Aug. 4. News: GEB GG)

LATVIA is “exploring” the possibility of a potential debt sale in Asia, Prime Minister Valdis Dombrovskis said in an Aug. 10 interview. Latvia sold $500 million worth of government debt in June.

(Added: Aug. 10. News: NI LATVIA BN)

ROMANIA opened a tender for picking a legal adviser for the sale of dollar-denominated bonds, the Finance Ministry said on its website. The tender will be open until 12:30 p.m. on Sept. 6, the ministry said.

(Added Aug. 31. News: TNI NEWBON ROMANIA)


BANCO DAVIVIENDA SA (PFDAVVND), Colombia’s third-largest bank, plans to sell as much as $350 million in bonds abroad. The board of the Bogota-based bank approved the sale on Aug. 16, according to a statement on the website of Colombia’s securities regulator.

The board also plans to list shares on exchanges abroad, according to the statement.

(Added Aug. 16. News: PFDAVVND CB)

BANCO DE CREDITO DEL PERU, the Andean country’s biggest lender, selected Bank of America and Morgan Stanley to hold meetings with bond investors, according to a person familiar with the plan.

The meetings are planned for Sept. 5 in Switzerland, Sept. 6 in London and Los Angeles and Sept. 7 in Boston and New York, said the person, who asked not to be identified because he isn’t authorized to speak publicly about the matter.

(Added Aug. 25. News: BAP US)

BUENOS AIRES CITY selected Barclays Plc, BTG Pactual SA and Citigroup Inc. to manage its planned sale of up to $500 million of bonds, said Abel Fernandez, the Argentine capital city’s head of public credit, in a July 29 telephone interview.

(Added Aug. 1. News: TNI ARGENT NEWBON)

CAIXA ECONOMICA FEDERAL, a Brazilian government-owned lender, is preparing to sell bonds in the international markets when “there is a window of opportunity,” Marcio Percival Alves Pinto, the bank’s vice president of finance, told reporters in Sao Paulo on Aug. 11.

(Updated Aug. 11. News: CEFN3 BZ)

CODELCO, the world’s largest copper producer, may raise as much as $2.5 billion in bonds and loans by the end of 2012 to fund record spending on its mines in Chile. The Chilean state- owned company may sell more than $1 billion in bonds, Chief Executive Officer Diego Hernandez said in an Aug. 4 interview at Bloomberg’s office in Melbourne.

(Added: Aug. 5. News: 1006Z CI)

CRESUD SACIF y A (CRES) may sell $60 million worth of three-year bonds today to yield 7.5 percent in the agricultural company’s first overseas dollar bond offering in nine years, according to a person familiar with the plan. The sale, arranged by Itau Unibanco Holding SA, is oversubscribed, said the person, who asked not to be identified because the terms are not set.

(Updated Sept. 2. News: CRES AR)

ELETROBRAS, Latin America’s largest publicly traded utility, is in the “initial stages” for a possible sale of 10- year bonds, Chief Financial Offer Armando Casado de Araujo told reporters on Aug. 30 at an event in Sao Paulo. Centrais Eletricas Brasileiras SA (ELET6), as the utility is also known, hired Credit Suisse Group AG and Banco Santander SA to sell bonds overseas, according to a person familiar with the plan who asked not to be identified because the terms are not set. Eletrobras may offer a benchmark-sized issue, the person said. Benchmark sales are typically at least $500 million.

(Updated Aug. 31. News: ELET6 BZ)

EMPRESA DE ENERGIA DE BOGOTA SA (EEB), Colombia’s second-biggest electricity transporter, hired Deutsche Bank AG and Banco Santander SA to sell bonds overseas, according to a person familiar with the plan. EEB, as the utility is known, may seek to sell bonds that mature in 10 years, said the person, who asked not to be identified because the terms are not set.

The Bogota-based company said in a June 16 regulatory filing that it plans to sell as much as $610 million worth of bonds overseas to buy back EEB International Ltd. bonds due in 2014.

(Added Aug. 19. News: EEB CB)

GUATEMALA has sent requests to banks for proposals to manage the Central American country’s first international bond sale in seven years, according to three bankers familiar with the matter. The bankers asked they not be identified because the discussions are private. A Guatemalan Finance Ministry official declined to comment.

(Added Aug. 19. News: TNI GUATE NEWBON)

CONSTRUTORA NORBERTO ODEBRECHT SA, the construction unit of Latin America’s largest engineering and construction company Odebrecht SA, hired Credit Suisse Group AG, Deutsche Bank AG and Goldman Sachs Group Inc. to arrange meetings with bond investors, according to a person close to the discussions.

Odebrecht plans to meet investors in Europe and the U.S. starting Sept. 5, said the person, who asked not to be identified because discussions are private.

(Added Sept. 1. News: ODBE4 BZ)

PETROLEO BRASILEIRO SA (PETR4), Brazil’s state-controlled oil company, is considering selling bonds denominated in euros or pounds, Chief Financial Officer Almir Barbassa told reporters in New York on Aug. 2. Petrobras, as the Rio de Janeiro-based company is known, is considering other currency markets to help fund its $224.7 billion investment plan after it sold a record $6 billion of dollar bonds in January. The company said July 22 that it will issue as much as $91 billion in debt and sell up to $13.6 billion of assets as part of spending plans for 2011 through 2015.

(Added Aug. 3. News: PETR4 BZ)

PERU may sell bonds overseas or domestically during the fourth quarter, Finance Minister Miguel Castilla said on Sept. 1. The bonds would help finance next year’s budget and the timing of any sale will depend on market conditions, Castilla told reporters in Lima. He declined to say how much the government may sell.

(Added Sept. 1. News: TNI PERU NEWBON)

URUGUAY filed registration paperwork on July 25 with the U.S. Securities and Exchange Commission to sell as much as $560 million worth of bonds.

(Added July 26. News: TNI URU NEWBON)


COMMERCIAL BANK OF QATAR (CBQK), the Persian Gulf country’s second-biggest bank by assets, hired BNP Paribas SA, HSBC Holdings Plc and Morgan Stanley to arrange a $5 billion Euro Medium-Term Note program.

Commercial Bank of Qatar’s unit, Commercialbank Capital, will also be an arranger, the bank said in its bond prospectus published on the London Stock Exchange. Citigroup Inc, Barclays Capital, JPMorgan Chase & Co., Deutsche Bank AG and Standard Chartered Bank Plc will also be involved in the deal, it said.

(Added Aug. 11. News: CBQK QD)

ZAMBIA, Africa’s biggest copper producer, will probably delay the sale of its planned $500 million Eurobond until after elections in September, central bank Governor Caleb Fundanga said in an Aug. 5 interview.

(Added Aug. 8. News: TNI ZAMBIA NEWBON)

To contact the reporter on this story: Drew Benson in New York at

To contact the editor responsible for this story: David Papadopoulos at

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