Convertibles Calendar: InterMune to price $85 million

JANUARY 15

INTERMUNE INC. (Nasdaq: ITMN): $85 million four-year convertible bonds; after the market close Tuesday; talked to yield 3.125%-3.625%, up 25%-30%; concurrent offering of 12.5 million common shares; registered, off the shelf; $12.75 million greenshoe of notes and additional 1.875 million shares of common stock; joint bookrunners Goldman Sachs & Co. and J.P. Morgan Securities LLC; non-callable for one year, provisionally callable for 2.5 years at 130% price hurdle; proceeds to repurchase early or at maturity the company's outstanding 5% convertible senior notes due 2015, to fund the commercialization of Esbriet, to fund Ascend trial and for general corporate purposes; Brisbane, Calif.-based biotech concern focused on treatments for pulmonary, infectious and hepatic diseases.

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- cement producer.

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