Convertibles Calendar

JUNE 13 WEEK

METLIFE INC. (Symbol: MET): $1.8 billion mandatory convertible offering, with 15% greenshoe, or $270 million, on June 15; price talk is for a dividend of 6% to 6.75%, with and an initial conversion premium of 20% to 25%; joint global coordinators Banc of America Securities LLC and Goldman, Sachs & Co. Joint bookrunners Citigroup, Credit Suisse First Boston, Lehman Brothers, Merrill Lynch & Co., Morgan Stanley and UBS Investment Bank; proceeds to help fund MetLife's previously announced acquisition of all the outstanding capital stock of certain insurance businesses of Citigroup; in addition to the offering of common equity units, MetLife has priced a $600 million offering of floating-rate non-cumulative perpetual preferred stock and a $1.5 billion offering of fixed-rate non-cumulative perpetual preferred stock.

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