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.

PNM RESOURCES INC. (Symbol: PNM): $200 million of equity-linked securities as part of its financing package for $1.024 billion acquisition of TNP Enterprises Inc.; timing to coincide with acquisition closing 9 to 12 months from announcement on July 25; letter of intent procured for the purchase of $100 million of the equity-linked securities from an existing shareholder; Albuquerque, N.M., electric utility also plans to issue $250 million of common equity, of which $95 million to TNP Enterprises shareholders, and place $100 million of long-term senior notes; expected ratings BBB/Baa2.

RECENT SHELF FILINGS WITH THE SEC:

CITIGROUP INC. (Symbol: C): $30 billion shelf filed July 23 for debt securities, common stock warrants, index warrants, preferred stock, depositary shares, stock purchase contracts, stock purchase units, common stock and capital securities; securities may be issued as convertibles; includes $1 billion previously registered but unsold; New York financial services company will use proceeds for general corporate purposes.

DEVELOPERS DIVERSIFIED REALTY CORP. (Symbol: DDR): $1 billion shelf filed July 21 for debt securities, preferred shares, depositary shares, common shares and common share warrants; securities may be issued as convertibles; includes $63.6 million previously registered but unsold; Beachwood, Ohio shopping center and business center real estate investment trust will use proceeds for general corporate purposes.

D.R. HORTON, INC. (Symbol: DHI): $2 billion shelf filed July 21 for debt securities, preferred stock, depositary shares, common stock, warrants, stock purchase contracts, stock purchase units and trust preferreds; securities may be issued as convertibles; includes $85 million previously registered but unsold; Arlington, Tex. homebuilder will use proceeds for general corporate purposes.

OMEGA HEALTHCARE INVESTORS, INC. (Symbol: OHI): $500 million shelf filed July 26 for debt securities, preferred stock, common stock and warrants; securities may be issued as convertibles; includes $154.7 million previously registered but unsold; Timonium, Md. healthcare real estate investment trust will use proceeds to repay debt, fund investments and for general corporate purposes.

SEROLOGICALS CORP. (Symbol: SERO): $300 million shelf filed July 21 for debt securities, preferred stock and common stock; securities may be issued as convertibles; Norcross, Ga. provider of biological products and technologies to life sciences companies will use proceeds for general corporate purposes.

STANLEY WORKS (Symbol: SWK): $900 million shelf filed July 23 for common stock, preferred stock, debt securities, warrants, depositary shares, stock purchase contracts, and stock purchase units; securities may be issued as convertibles; New Britain, Conn. maker of tools and security products will use proceeds for general corporate purposes.

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