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Shinhan, Taesa Hire Sale Managers: Emerging Bond Alert

(Corrects nationality of Shinhan Financial in first item of story first published on Sept. 20.)

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

SHINHAN FINANCIAL GROUP CO., a South Korean lender, hired five banks for a sale of bonds denominated in U.S. dollars, according to a person familiar with the matter.

Bank of America Corp., BNP Paribas SA, Deutsche Bank AG, HSBC Holdings Plc and Standard Chartered Plc will help Shinhan Investment Corp., the brokerage unit of Shinhan Financial, to manage the sale, said the person, who asked not to be identified because the details are private.

The size and the timetable of the sale is yet to be determined, the person said.

(Added Sept. 20. News: 055550 KS)

TAESA, a Rio de Janeiro-based high-voltage power line operator hired Banco Bradesco SA, Banco Santander SA and Citigroup Inc. to sell real-linked bonds to international investors, according to a person familiar with the matter. The company, also known as Transmissora Alianca de Energia Eletrica SA (TRNA11), is waiting for market conditions to improve to sell the bonds, said the person, who asked not to be identified because the deal is private.

(Added Sept. 20. News: TRNA11 BZ)

ASIA

GAIL INDIA LTD. (GAIL), the nation’s biggest gas distributor, plans to borrow $300 million overseas next month to take advantage of lower interest rates outside the country for funding pipeline projects.

The company has tied up 12.5 billion rupees ($260 million) in a rupee-denominated loan from HDFC Bank Ltd. at 10.03 percent and is delaying drawing the money as it seeks cheaper funds overseas, P.K. Jain, director of finance, said. The utility may sell bonds overseas in November, although it is yet to decide the size, he said.

(Added Sept. 12. News: GAIL IN)

INDONESIA will likely sell its global sukuk after this month, Rahmat Waluyanto, director general at the finance ministry’s debt management office, said Sept. 15.

The country 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, a person familiar with the matter who asked not to be identified as details are private said last month.

(Updated Sept. 15. News: 1133Z IJ)

KOREA NATIONAL OIL CORP. plans to sell bonds denominated in U.S. dollars, according to a person familiar with the matter.

Bank of America Corp., Barclays Plc, HSBC Holdings Plc, Korea Development Bank and Royal Bank of Scotland Group Plc were hired to manage the sale, said the person, who asked not to be identified because the details are private.

(Added Sept. 12. News: KNOCPZ KS)

UCO BANK (UCO), a Kolkata, India-based state-owned bank, plans to meet with debt investors in Hong Kong, London and Singapore next month ahead of a possible sale of bonds denominated in U.S. dollars, according to a person with direct knowledge of the matter.

BNP Paribas, Citigroup Inc., HSBC Holdings Plc, JPMorgan Chase & Co. and Standard Chartered Plc will arrange the so- called non-deal roadshows, said the person, who asked not to be identified because he isn’t authorized to speak on the matter.

(Updated Sept. 13. News: UCO IN)

VIETINBANK, or the Vietnam Joint Stock Commercial Bank for Industry & Trade, may offer a coupon of 5 percent to 6 percent on its planned $500 million overseas bond sale this year, Chairman Pham Huy Hung said in an interview in Hanoi today.

The lender is “determined to sell the bonds this year,” Hung said. The bank hired HSBC Holdings Plc and Barclays Bank Plc to arrange the sale, said Deputy General Director Le Duc Tho Sept. 12.

(Updated Sept. 15. News: CTG VN)

CENTRAL, EASTERN EUROPE

HUNGARY may raise 4 billion euros ($5.5 billion) in international debt next year after having met its financing needs for this year, said Laszlo Buzas, deputy chief executive at the country’s debt management agency.

The government hasn’t set the currency of the debt or the timing of the offerings, Buzas said in an interview in Singapore today. Hungary, the European Union’s most indebted eastern member, will refrain from selling more international bonds this year to avoid raising its debt-to-gross domestic product ratio, he said.

(Added: Sept. 15. News: TNI HUNGARY NEWBON)

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)

POLSKIE GORNICTWO NAFTOWE I GAZOWNICTWO SA (PGN), Poland’s largest natural-gas company, hired banks to meet bond investors starting Sept. 19 and may sell bonds in euros following the presentations, according to three people with knowledge of the arrangements. BNP Paribas SA, Societe Generale SA and UniCredit SpA are organizing the meetings for the state-controlled company, also known as PGNiG.

(Added Sept. 13. News: PGN PW)

LATIN AMERICA & CARIBBEAN

AMERICA MOVIL SAB, the wireless carrier controlled by billionaire Carlos Slim, hired banks for meetings with bond investors in Japan, according to a person with direct knowledge of the matter.

Mitsubishi UFJ Morgan Stanley Securities Co. and Mizuho Financial Group Inc. will arrange the meetings, said the person, asking not to be identified as the information is private.

(Added Sept. 15. News: AMXL MM)

BBVA BANCO CONTINENTAL, a Peruvian lender, will meet with bond investors this week in cities including London, New York and Los Angeles, said a person who asked not to be identified because he isn’t authorized to speak publicly. Goldman Sachs Group Inc. and JPMorgan Chase & Co. are arranging the meetings.

(Added Sept. 12. News: BCO/C PE)

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)

BRAZIL is considering a sale of real- or dollar-denominated bonds in international markets, Treasury Secretary Arno Augustin said on Sept. 14. “Brazil’s extraordinary fundamentals would make it possible, even if global markets are very volatile now,” Augustin told reporters yesterday in Brasilia.

(Added Sept. 15. News: TNI BRAZIL NEWBON)

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)

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 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 met with investors in Europe and the U.S. last week, said the person, who asked not to be identified because discussions are private.

(Added Sept. 1. News: ODBE4 BZ)

MINERVA SA, Brazil’s third-biggest publicly traded beef producer, met with bond investors, according to a person familiar with the matter. Minerva is holding meetings with investors in cities including Santiago, Los Angeles, London, New York and Boston through Sept. 19, said the person, who asked not to be identified because the plans haven’t been made public. BB Securities Ltd, BTG Pactual SA, Goldman Sachs Group Inc. and Morgan Stanley are arranging the meetings, the person said.

(Added Sept. 13. News: BEEF3 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)

PETROLEO BRASILEIRO SA (PETR4), Brazil’s state-controlled oil producer, said it may consider selling bonds in reais. The company’s borrowing capacity hasn’t been affected by the sovereign-debt crisis in Europe, Petrobras Chief Executive Officer Jose Sergio Gabrielli said on Sept. 15.

(Added Sept. 15. News: PETR4 BZ

MIDDLE EAST & AFRICA

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 abenson9@bloomberg.net

To contact the editor responsible for this story: David Papadopoulos at papadopoulos@bloomberg.net

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