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 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 obtained 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 will go to TNP Enterprises shareholders, and place $100 million of long-term senior notes; expected ratings BBB/Baa2.

RECENT SHELF FILINGS WITH THE SEC:

GOLDEN STAR RESOURCES LTD. (Symbol: GSS): $300 million shelf filed Sept. 14 for common shares, preferred shares, warrants and convertible debt securities; includes $10.8 million previously registered but unsold; Littleton, Colo. gold miner will use proceeds for exploration and development of its mining properties in Ghana, acquisition, exploration and development of additional properties, working capital and general corporate purposes.

WEINGARTEN REALTY INVESTORS (Symbol: WRI): $1.5 billion shelf filed Sept. 16 for common shares, preferred shares, depositary shares, debt securities and warrants; securities may be issued as convertibles; Houston-based neighborhood shopping center real estate investment trust will use proceeds for general corporate purposes.

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