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Published on 2/6/2007 in the Prospect News Convertibles Daily.

Convertibles Calendar

FEB. 5 WEEK

CONCEPTUS INC. (Nasdaq: CPTS): $75 million 20-year convertible senior notes; UBS Investment Bank; $11.25 million greenshoe; off shelf; non-callable for five years; puts in years five, 10 and 15; contingent conversion at 130%; Mountain View, Calif., maker of birth control devices will use proceeds for general purposes and to fund convertible note hedge and warrant transactions; pricing Tuesday after the close; talked at a coupon of 2.25% to 2.75% and an initial conversion premium of 25% to 30%.

SUNTECH POWER HOLDINGS CO. LTD. (NYSE: STP): $300 million five-year convertible senior unsecured notes; Goldman Sachs (Asia), UBS Investment Bank, ABN Amro Rothschild; Rule 144A; $60 million greenshoe; non-callable for three years, then subject to 130% hurdle; put in third year; Wuxi, China, maker of solar cells will use $100 million of the proceeds to expand its manufacturing lines, $50 million to buy raw materials, $100 million to repay a bridge loan used to pay for its acquisition of MSK Corp. and up to $50 million for other general purposes; pricing Thursday after the close; talked at a coupon of 0.25% to 0.75% and an initial conversion premium of 25% to 30%.

ON THE HORIZON

STANLEY WORKS (NYSE: SWK): equity-linked convertible debt to help finance acquisition of HSM Electronic Protection Services, Inc. from private investors for $545 million in cash; also to be funded with available cash and debt, including a $500 million credit agreement via Citigroup Global Markets Inc.


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