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Convertibles Calendar: Ascendis Pharma on tap
March 24
ASCENDIS PHARMA A/S:
$500 million six-year convertible notes
Greenshoe of $75 million
Coupon of 2% to 2.5% and initial conversion premium of 37.5% to 42.5%
J.P. Morgan Securities LLC and Evercore Inc.
Non-callable until April 7, 2025 and then subject to a 130% hurdle
Rule 144A
Repurchase up to 1 million ADS, support the commercialization of products in the pipeline and general corporate purposes
Copenhagen-based biopharmaceutical company
BLACKSTONE MORTGAGE TRUST INC.:
$300 million five-year convertible notes
Greenshoe of $45 million
Coupon of 4.75% to 5.25% and initial conversion premium of 15% to 20%
Citigroup Global Markets Inc., BofA Securities Inc., Barclays, J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC and Wells Fargo Securities LLC
Non-callable until March 20, 2025 and then subject to a 120% hurdle
SEC registered
General corporate purposes, which may include the repayment of debt, including a portion of the $402.5 million outstanding principal amount of the companys 4.375% convertible notes due May 5, 2022
New York-based real estate finance company
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