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.

http://www.sec.gov/Archives/edgar/data/1122411/000119312503094347/df3.htm

CONSECO INC. (Symbol: CNO): $350 million of mandatory convertibles and $800 million of common stock; proceeds to take out its $859.7 million of 10.5% step-up payable-in-kind convertible preferreds, repay debt under its senior credit facility, which matures in 2009 and currently has a weighted average interest rate of 7.8%, contribute capital to insurance subsidiaries and general corporate purposes; joint bookrunners of the mandatory offering are Goldman Sachs & Co. and Morgan Stanley with JPMorgan in the syndicate; joint bookrunners of the stock offering are Goldman Sachs & Co. and Morgan Stanley with Banc of America Securities in the syndicate.

http://www.sec.gov/Archives/edgar/data/1224608/000095013704000416/c82126sv1.txt

GENWORTH FINANCIAL INC. (Symbol: GNW proposed): $600 million mandatory convertible, or equity units, with $25 par; part of General Electric Co.'s spin-off of its insurance unit Genworth Financial Inc., which would divest 30% of GE's ownership with the remaining to be sold later; GE plans to use proceeds to invest in growth initiatives and reduce parent-supported debt at GE Capital Corp.; joint lead managers are Morgan Stanley and Goldman Sachs & Co.; offerings to be completed by the end of June.

GOODYEAR TIRE & RUBBER CO. (Symbol: GT): at least $250 million of debt securities and at least $75 million of equity or equity-linked securities by Dec. 31, plus refinance its term loan and revolving credit facilities due April 2005 by Dec. 1, 2004; per a new master contract with the United Steelworkers of America.

XL CAPITAL LTD.: (Symbol: XL): at least $750 million, mostly mandatory convertibles, in the first half of 2004.

RECENT SHELF FILINGS WITH THE SEC:

BROADCOM CORP. (Symbol: BRCM): $750 million shelf filed Feb. 20 for class A common stock, debt securities and warrants; securities may be issued as convertibles; Irvine, Calif. maker of communications and networking semiconductors will use proceeds for general corporate purposes.

http://www.sec.gov/Archives/edgar/data/1054374/000089256904000206/a96710orsv3.htm

NAVISTAR INTERNATIONAL CORP. (Symbol: NAV): $1 billion shelf filed Feb. 19 for debt securities, common stock, preferred stock, preference stock, depositary shares, warrants, purchase contracts and units; securities may be issued as convertibles; Warrenville, Ill. truck and bus manufacturer will use proceeds for general corporate purposes and refinancing.

http://www.sec.gov/Archives/edgar/data/808450/000104746904005006/a2129004zs-3.htm

ODYSSEY RE HOLDINGS CORP. (Symbol: ORH): $400 million shelf filed Feb. 23 for debt securities, preferred stock, common stock, warrants, stock purchase contracts and units; securities may be issued as convertibles; New York property and casualty reinsurer will use proceeds for working capital and general corporate purposes.

http://www.sec.gov/Archives/edgar/data/1137048/000090956704000255/t11563sv3.htm

SHAW GROUP INC. (Symbol: SGR): $500 million shelf filed Feb. 19 for debt securities, common stock, preferred stock, depositary stock and warrants; securities may be issued as convertibles; Baton Rouge, La. provider of engineering, consulting and construction services will use proceeds for general corporate purposes.

http://www.sec.gov/Archives/edgar/data/1226732/000095012904000712/h12763sv3.htm

WIRELESS FACILITIES, INC. (Symbol: WFII): $200 million shelf filed Feb. 19 for common stock, preferred stock, debt securities and warrants; securities may be issued as convertibles; San Diego provider of communications and security systems engineering and integration services will use proceeds for acquisitions, working capital, capital expenditures and other general corporate purposes.

http://www.sec.gov/Archives/edgar/data/1069258/000119312504026600/ds3.htm

XICOR, INC. (Symbol: XICO): $80 million shelf filed Feb. 23 for common stock, preferred stock, depositary shares, warrants and debt securities; securities may be issued as convertibles or units; Milpitas, Calif. maker of analog semiconductors will use proceeds for general corporate purposes and working capital.

http://www.sec.gov/Archives/edgar/data/319191/000089161804000631/f96349orsv3.htm

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