Convertibles Calendar: Rocket Internet plans €550 million seven-year bonds

On The Horizon

BLACK HILLS CORP.:

• Up to $575 million to $675 million of equity and equity-linked debt

• Part of a package of financing for its acquisition of SourceGas Holdings LLC

• Acquisition expected to close first half 2016

• Rapid City, S.D.-based integrated energy company

• NYSE: BKH

International Calendar

July 14

ROCKET INTERNET SE:

• €550 million seven-year convertibles

• Par of €100,000

• Talked 2.25%-3%, up 32.5%-47.5%

• Bookrunner J.P. Morgan Securities

• Regulation S

• Proceeds to invest in internet platform and flexibility to take advantage of strategic opportunities

• Non-callable until Aug. 6, 2019 and then provisionally callable at 140% price hurdle

• Expected listing on open market of Frankfurt Stock Exchange

• Berlin-based e commerce company

• Xetra: RKET

On The Horizon

LIDA GROUP HOLDINGS CO. INC.:

• ¥30 billion five-year convertibles

• Issued at 100.5% of par

• Reoffered at 103% of par

• 0% coupon, up 25%-35%

• Regulation S

• Proceeds to fund inter-company loans

• Non-callable with no puts

• Tokyo-based holding company focused on the real estate business

• Tokyo: 3291

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