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:

RIGEL PHARMACEUTICALS, INC. (Symbol: RIGL): $150 million shelf filed Oct. 15 for common stock, preferred stock, debt securities and warrants; securities may be issued as convertibles; South San Francisco, Calif., pharmaceutical company will use proceeds for research and development and general corporate purposes.

STEELCASE INC. (Symbol: SCS): $301.4 million shelf filed Oct. 14 for debt securities, preferred stock, class A common stock, warrants, stock purchase contracts or stock purchase units; securities may be issued as convertibles; includes a $101.4 million secondary offering of common stock; Grand Rapids, Mich., maker of office furniture will use proceeds for general corporate purposes.

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