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:

ALLOS THERAPEUTICS, INC. (Symbol: ALTH): $75 million shelf filed March 5 for common stock, preferred stock, depositary shares, debt securities and warrants; securities may be issued as convertibles; Westminster, Colo. biopharmaceutical company will use proceeds for general corporate purposes.

http://www.sec.gov/Archives/edgar/data/1097264/000104746904006813/a2129991zs-3.htm

HAWAIIAN ELECTRIC INDUSTRIES, INC. (Symbol: HE): $200 million shelf filed Feb. 27 for debt securities, preferred stock, common stock, stock purchase contracts, stock purchase units, and trust preferreds; securities may be issued as convertibles; Honolulu electric utility and bank holding company will use proceeds for general corporate purposes.

http://www.sec.gov/Archives/edgar/data/1029530/000095014804000414/v96809orsv3.htm

SCHERING-PLOUGH CORP. (Symbol: SGP): $2 billion shelf filed March 1 for common shares, preferred shares, depositary shares, debt securities, warrants, stock purchase contracts and stock purchase units; securities may be issued as convertibles; Kenilworth, N.J. pharmaceutical company will use proceeds for general corporate purposes.

http://www.sec.gov/Archives/edgar/data/310158/000089882204000199/forms3.txt

TEXTRON INC. (Symbol: TXT): $2 billion shelf filed March 5 for common stock, preferred stock and debt securities; securities may be issued as convertibles; includes $650 million previously registered but unsold; Providence, R.I. manufacturing company will use proceeds for general corporate purposes.

http://www.sec.gov/Archives/edgar/data/217346/000095013504001131/b49627txsv3.txt

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