| Issuer: | Tesla Motors Inc.
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| Issue: | $660 million convertible senior notes due June 1, 2018 priced to yield 1.5%, up 35%
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| Bookrunners: | Goldman Sachs & Co., Morgan Stanley & Co. LLC, J.P. Morgan Securities LLC
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| Pricing date: | May 16, 2013
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| Recent trading: | 135.387 versus stock price of $143.60
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| • "Without a doubt, Tesla was the best deal of the year," a New York-based trader said. "Tesla is a marquee name. It's more than performance. I think it helped make the space trendy to issuers once again."
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| • The issue came at the rich end of talk, which was tightened during marketing. There were also concurrent stock offerings. And it was done with a call spread.
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| HORIZON PHARMA INC.
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| Issuer: | Horizon Pharma Inc.
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| Issue: | $150 million convertible senior notes due Nov. 15, 2018 priced to yield 5%, up 20%
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| Bookrunners: | JMP Securities LLC and Cowen and Co. LLC
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| Pricing date: | Nov. 19
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| Recent trading: | 138.00 versus stock price of $6.75
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| • "Horizon was the best deal; it went to 125 before it even settled," a syndicate source said. "The stock was obviously a big driver, but the bonds did well on the way up as well."
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| SOUFUN HOLDINGS LTD.
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| Issuer: | Soufun Holdings Ltd.
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| Issue: | $350 million convertible senior notes due Dec. 15, 2018 priced to yield 2%, up 40%
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| Bookrunners: | Citigroup Global Markets Inc., J.P. Morgan Securities LLC and Credit Suisse Securities (USA) LLC
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| Pricing date: | Dec. 4
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| Recent trading: | N/A
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| • "Soufun stock has gone ballistic since the deal," a New York-based trader said.
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| • As of Dec. 23, shares were up 11% from issue Dec. 4.
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| • On their debut, the new 2% convertibles were said to have performed "in line to weaker" after the Beijing-based real estate internet company priced the upsized $350 million of the five-year convertibles at the midpoint and rich end of talk.
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| SUNEDISON INC.
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| Issuer: | SunEdison Inc.
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| Issue: | $500 million convertible senior A notes due Oct. 1, 2018 priced to yield 2%, up 27.5%
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| Bookrunners: | Deutsche Bank Securities Inc., Goldman Sachs & Co., Wells Fargo Securities LLC and BofA Merrill Lynch
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| Pricing date: | Dec. 12
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| Recent trading: | 111.25 versus share price of $12.77
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| SUNEDISON INC.
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| Issuer: | SunEdison Inc.
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| Issue: | $500 million convertible senior notes due Jan. 1, 2021 priced to yield 2.75%, up 27.5%
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| Bookrunners: | Deutsche Bank Securities Inc., Goldman Sachs & Co., Wells Fargo Securities LLC and BofA Merrill Lynch
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| Pricing date: | Dec. 12
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| Recent trading: | 111.75 versus a share price of $12.77
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| • Despite lower shares on their debut in the secondary market, the SunEdison tranches held up well and even expanded on a hedged basis by about 2 points.
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| • Pricing for the upsized SunEdison tranches came at the midpoint of talk, and they have moved up from there, with the A tranche adding 4.5 points on hedge and the B tranche adding 3.125 points currently since issue Dec. 12.
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| • The $1 billion deal size didn't seem to douse action as happened with other $1 billion deals like Priceline's and Yahoo!'s.
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