Convertibles Calendar: Encore Capital to price $100 million

NOVEMBER 20

ENCORE CAPITAL GROUP INC.: (Nasdaq: ECPG): $100 million five-year convertibles; after the market close Tuesday; talked to yield 2%-2.5%, up 25%-30%; private offering; $15 million greenshoe; joint bookrunners Morgan Stanley & Co. LLC, Barclays and Bank of America Merrill Lynch; concurrent call spread; proceeds for share buybacks, to pay down revolving credit facility; to pay for the call spread and for general corporate purposes; non-callable for five years; no puts; San Diego-based consumer accounts receivable management firm.

International Convertibles Calendar

ON THE HORIZON

ASIA CEMENT CORP. (Taiwan: 1102): less than $300 million of euro convertible bonds; tentatively set 0% coupon and five-year maturity; proceeds to repay loans, to purchase overseas raw materials and for operating capital; Taipei, Taiwan-based cement producer.

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