Convertibles Calendar: Newmont to price $350 million

JANUARY 26 WEEK

NEWMONT MINING CORP. (NYSE: NEM): $350 million three-year convertible senior notes; off shelf; via joint bookrunners Citigroup Global Markets Inc. and J.P. Morgan Securities Inc.; $52.5 million greenshoe; talked at 3.25%-3.75%, up 15%-20%; no calls, no puts; concurrent common stock offering of about $800 million, or 19 million shares; Denver, Colo.-based gold producer will use proceeds to fund Newmont's acquisition of a 33.3% interest in the Boddington development project in Western Australia that it does not already own from AngloGold Ashanti Ltd.

ON THE HORIZON

ENVIRONMENTAL POWER CORP. (Nasdaq: EPG): $10 million to $25 million of five-year unsecured convertible notes; registered; via Ziegler Capital Markets; may be upsized to $50 million; launched with preliminary coupon of 13%, minimum conversion price of $5.40; non-callable for three years, then provisionally callable at 110% of par; marketing to be ongoing with once-a-month closings; Tarrytown, N.Y.-based developer, owner and operator of biogas renewable energy projects.

CLOUD PEAK ENERGY INC.: $250 million of three-year mandatory convertible preferred stock, at a liquidation preference price of $50 per share, via underwriter Credit Suisse, concurrent initial public offering; Cloud Peak formerly part of Rio Tinto America Inc., an indirect wholly owned subsidiary of Rio Tinto plc, and Rio Tinto America; dividends payable on a cumulative basis; no proceeds go to Cloud Peak; Gillette, Wyo.-based coal producer.

INTERNATIONAL CONVERTIBLES

ON THE HORIZON

PACIFIC ASIA PETROLEUM INC. (OTCBB: PFAP): $75 million of redeemable convertible preference shares; Regulation S; proceeds to fund the purchase of participating interests held by ChevronTexaco in four coalbed methane and tight gas sand resource blocks in China; Hartsdale, N.Y.-based oil and gas company with a focus on China.

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