Convertibles Calendar

APRIL 27

INTELSAT GLOBAL HOLDINGS SA: $150 million of three-year series A mandatory convertible preferred shares; $50 par; talked to yield 5.75%-6.25%, up 17.5%-22.5%; concurrent IPO of 21,739,130 common shares scheduled April 17; greenshoe for 450,000 mandatories and 3,260,869 additional common shares; registered; both offerings to be NYSE listed; Goldman Sachs & Co., J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC and BofA Merrill Lynch are joint book-running managers; Barclays, Credit Suisse Securities (USA) LLC, Deutsche Bank Securities Inc., Nomura Securities International, Inc. and UBS Securities LLC are bookrunners; Evercore Group LLC, HSBC Securities (USA) Inc., RBC Capital Markets, LLC, Lion Tree Advisors LLC and Raymond James & Associates, Inc. are co-managers; Pembroke, Bermuda-based fixed satellite services provider.

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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