Convertibles Calendar: Starwood to price $450 million

FEBRUARY 11

STARWOOD PROPERTY TRUST INC. (Nasdaq: STWD): $450 million of five-year convertible senior notes; after the market close Monday; talked to yield 4.15%- 4.65%, up 10%; registered, off the shelf; greenshoe $67.5 million; via bookrunners Deutsche Bank Securities Inc., BofA Merrill Lynch, Citigroup Global Markets Inc., Credit Suisse Securities (USA) LLC and Goldman Sachs & Co.; co-managers Evercore Partners Inc. and FBR & Co.; contingent conversion at 130% hurdle; non-callable for life; no puts; takeover protection; proceeds for originating and purchasing additional commercial mortgage loans and other target assets and investments; Greenwich, Conn.-based real estate investment company.

International Convertibles Calendar

ON THE HORIZON

ASIA CEMENT CORP. (Taiwan: 1102): less than $300 million of euro convertible bonds; tentatively set 0% coupon and five-year maturity; proceeds to repay loans, to purchase overseas raw materials and for operating capital; Taipei, Taiwan, cement producer.

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