Convertibles Calendar

MAY 24 WEEK

CSG SYSTEMS INTERNATIONAL INC. (Symbol: CSGS): $200 million of 20-year senior subordinated notes, with $30 million greenshoe; price talk for 2.25% to 2.75% yield, 43% to 47% initial conversion premium; non-callable for 7 years, with a put in year 7; 130% contingent conversion trigger, 120% contingent payment trigger; Englewood, Colo.-based provider of next-generation billing and customer services for the cable television, satellite, advanced Internet protocol services, next-generation mobile and fixed wireline markets, to use up to $40 million of proceeds to buyback stock and the remainder plus some cash on hand to repay debt; via sole bookrunner Lehman Brothers; Rule 144A; slated to price after the close Wednesday.

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.

RECENT SHELF FILINGS WITH THE SEC:

ISLE OF CAPRI CASINOS, INC. (Symbol: ISLE): $300 million shelf filed May 24 for debt securities, preferred stock, common stock and purchase rights; securities may be issued as convertibles; Biloxi, Miss. gaming company will use proceeds for general corporate purposes.

MARTEK BIOSCIENCES CORP. (Symbol: MATK): $200 million shelf filed May 21 for debt securities, common stock, preferred stock and warrants; securities may be issued as convertibles; Columbia, Md. developer of microalgae products will use proceeds for general corporate purposes.

UNITED DOMINION REALTY TRUST, INC. (Symbol: UDR): $1.5 billion shelf filed May 20 for debt securities, common stock and preferred stock; securities may be issued as convertibles; includes $333.1 million previously registered but unsold; Highlands Ranch, Colo. apartment real estate investment trust will use proceeds for general corporate purposes.

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