Convertibles Calendar

ON THE HORIZON

ADVANCED SEMICONDUCTOR ENGINEERING INC.: (Symbol: ASX): $135 million of five-year convertible notes, with a $15 million greenshoe; via lead manager Goldman Sachs International; the Taiwanese semiconductor testing firm also plans to sell 60 million American Depositary Shares, which will each represent five ordinary shares with a par value of NT$10 each; timing will be as soon as the registration statement at the Securities and Exchange Commission becomes effective.

PNM RESOURCES INC. (Symbol: PNM): $200 million of equity-linked securities as part of financing package for $1.024 billion acquisition of TNP Enterprises Inc.; timing to coincide with acquisition closing 9 to 12 months from announcement on July 25; letter of intent obtained for the purchase of $100 million of the equity-linked securities from an existing shareholder; Albuquerque, N.M., electric utility also plans to issue $250 million of common equity, of which $95 million will go to TNP Enterprises shareholders, and place $100 million of long-term senior notes; expected ratings BBB/Baa2.

SYMBOL TECHNOLOGIES INC. (Symbol: SBL): Symbol Technologies Inc. plans capital markets equity or equity-linked transaction later this year to fund $230 million acquisition of privately-held Matrics Inc., purchase to be financed with short-term borrowings under a new bank credit facility, via JPMorgan Securities, then a capital markets transaction later as market conditions permitting; the acquisition is expected to close in third quarter.

RECENT SHELF FILINGS WITH THE SEC:

GOLDEN STAR RESOURCES LTD. (Symbol: GSS): $300 million shelf filed Sept. 14 for common shares, preferred shares, warrants and convertible debt securities; includes $10.8 million previously registered but unsold; Littleton, Colo. gold miner will use proceeds for exploration and development of its mining properties in Ghana, acquisition, exploration and development of additional properties, working capital and general corporate purposes.

R&G FINANCIAL CORP. (Symbol: RGF): $500 million shelf filed Sept. 10 for debt securities, common stock, preferred stock and trust preferrreds; securities may be issued as convertibles; San Juan, P.R. bank holding company will use proceeds for general corporate purposes and to support growth.

REGENCY CENTERS CORP. (Symbol: REG): $400 million shelf filed Sept. 10 for common stock, preferred stock, depositary shares and warrants; preferreds may be issued as convertibles; Jacksonville, Fla. shopping center real estate investment trust will use proceeds for general corporate purposes.

WEINGARTEN REALTY INVESTORS (Symbol: WRI): $1.5 billion shelf filed Sept. 16 for common shares, preferred shares, depositary shares, debt securities and warrants; securities may be issued as convertibles; Houston-based neighborhood shopping center real estate investment trust will use proceeds for general corporate purposes.

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