Convertibles Calendar

On The Horizon

ALLY FINANCIAL INC.: U.S. Treasury Department is offering tangible equity units of Ally; concurrent initial public offering of common stock; Ally will not receive proceeds from the sale; timing, talk and deal sizes weren't yet available; bookrunners Citigroup Global Markets Inc., Goldman Sachs & Co., Morgan Stanley & Co. LLC, Barclays and Deutsche Bank Securities Inc.; shares to be listed on the NYSE under symbol ALLY; bank holding company focused on auto financing based in Detroit.

FIRST CITIZENS BANC CORP. (Nasdaq: FCZA): $25 million of perpetual convertible preferred shares; $25.00 per share; distribution to existing shareholders, customers and members of its communities served, and via syndication if shares remain available; placement agent Keefe, Bruyette & Woods; mandatorily convertible after six years at 120% price hurdle; proceeds to redeem series A perpetual preferred shares; to be listed on the Nasdaq; Sandusky, Ohio-based bank holding company.

October 18

CAP GEMINI SA (France: CAP): €400 million of convertible bonds; talked 0%-0.25%, up 35%-42.5%; expected to price Oct. 18; upsized from initially talked €350 million; maturity Jan. 1, 2019; proceeds to repurchase company's outstanding 2014 convertibles; joint bookrunners BNP Paribas (global coordinator), Citigroup Global Markets Inc., Morgan Stanley and Natixis; non-callable for three years, then provisionally callable at 130% price hurdle; call spread; to be listed on Euronext Paris; Paris-based consulting and outsourcing company.

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