CNH Global Markets Offering of Five-Year Notes: New Issue Alert

CNH Global NV, the maker of Case and New Holland agricultural equipment, is among issuers planning to sell at least $3.83 billion of bonds in the U.S., according to data compiled by Bloomberg.

Borrowers sold $2.35 billion of corporate debt yesterday, the data show. They have issued $976 billion of bonds this year, compared with $966.3 billion in the similar period of 2010, Bloomberg data show.

Following is a description of pending sales of corporate and other bonds.

Investment Grade

RUBY PIPELINE LLC, a joint venture owned by El Paso Corp. and Global Infrastructure Partners, plans to issue $1.075 billion of senior unsecured notes, according to a person with knowledge of the transaction. Proceeds will be used to repay the company’s project finance loan, said the person, who declined to

BANCO DE BOGOTA SA, the unit of Grupo Aval Acciones & Valores, plans to sell $1 billion of 10-year senior unsecured notes denominated in U.S. dollars, Moody’s Investors Service

TRITON CONTAINER INTERNATIONAL LTD, the world’s largest owner-lessor of marine intermodal cargo containers, plans to sell $180 million of senior notes, according to a statement distributed by Standard & Poor’s. S&P assigned a BBB issue-level


UNION BANK OF INDIA LTD., the Mumbai-based lender that went public in 2002, hired banks to help it arrange a series of credit investor meetings in Asia and Europe, according to a person with knowledge of the transaction. The bank may consider a sale of dollar bonds thereafter subject to market conditions, the person said, asking not to be identified as details are private. Bank of America Corp., Barclays Plc, Citigroup Inc., HSBC Holdings Plc, Deutsche Bank AG and Standard Chartered Plc

Not Rated

UCO BANK, a Kolkata, India-based state-owned bank, plans to meet with debt investors in Hong Kong, London and Singapore 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

High Yield

CNH GLOBAL NV, the maker of Case and New Holland agricultural equipment, may sell $500 million of five-year notes, according to a statement on its website. Proceeds will be used for working capital and general corporate purposes, including acquisition of receivables and repayment of debt, the

RIVER ROCK ENTERTAINMENT AUTHORITY, an American Indian casino operator, plans to sell $205 million of senior notes due in 2018, it said in a statement. S&P assigned a grade of B- to

VIETNAM JOINT STOCK COMMERCIAL BANK FOR INDUSTRY AND TRADE, or VietinBank, may offer a coupon of 5 percent to 6 percent on its planned $500 million overseas bond sale, Chairman Pham Huy

MANNKIND CORP., the biotechnology company founded by billionaire investor Alfred Mann, plans to raise $370 million by selling senior secured discount notes due 2017, the Valencia, California-based firm said in a Sept. 23 statement distributed by Business Wire. Proceeds may be used to complete Phase 3 clinical trials of MannKind’s lead product candidate, Afrezza, preparing for the commercialization of Afrezza, continuing to

EMPRESA DE ENERGIA DE BOGOTA SA, 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 offering. Bogota-based EEB, as the utility is

Offerings in Pipeline

UNION NATIONAL BANK PJSC, the lender majority-owned by Abu Dhabi Investment Council, may sell 5-year notes in a benchmark

MASISA SA, the Chilean forestry and wood panel company, plans to raise between $200 million and $260 million to refinance debt, according to Chief Financial Officer Eugenio

UNITED TECHNOLOGIES CORP., the maker of Pratt & Whitney jet engines, may raise $12 billion of debt to help finance its $16.5 billion acquisition of Goodrich Corp., Chief Financial Officer

ENTERGY LOUISIANA LLC, the unit of the New Orleans-based power company, plans to sell about $206 million of bonds, according to a company statement. The offering was delayed and reauthorized after the utility violated regulations by

ROMANIA has started work on upgrading its medium-term note program to include dollar-denominated notes, Deputy Finance Minister Bogdan Dragoi said at a conference in Bucharest. The

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