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; shares to be listed on the NYSE under symbol ALLY; bank holding company focused on auto financing based in Detroit.

SOLARCITY CORP. (Nasdaq: SCTY): $175 million of five-year convertible senior notes; registered deal; concurrent borrowed share offering; no talk or timing; to select investors in exchange for non-disclosure agreement; via Goldman Sachs & Co., Credit Suisse Securities (USA) LLC and BofA Merrill Lynch; company is lending up to 2.8 million shares of common stock to Goldman Sachs Financial Markets LP; proceeds for general corporate purposes, including working capital, capital expenditures, potential acquisitions and strategic transactions; San Mateo, Calif., provider of clean distributed energy.

INTERNATIONAL

On The Horizon

BONG AB: (Sweden: BONG): downsized SEK 75 million of five-year convertibles; Regulation S; pricing no later than July 15; concurrent stock offerings including SEK 125 million rights issue and SEK 100 million for Holdham SA; proceeds to be used for partial repayments of current bank loans; shareholder approval meeting slated July 17; ABG Sundal Collier AB is a financial adviser, and Advokatfirman Vinge is legal adviser; Sweden-based envelope and packaging products company.

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