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Convertibles Calendar
June 27 week
CV THERAPEUTICS INC. (Symbol: CVTX) $100 million of convertible senior subordinated notes due 2013, with $12.5 million greenshoe; to price June 28; price talk is for a coupon of 3.25% to 3.75%, with an initial conversion premium of 20% to 25%; non-callable for five years, with no puts; bookrunners Lehman Brothers and Merrill Lynch & Co, with Citigroup and Deutsche Bank Securities acting as co-managers; proceeds are intended to repurchase some or all of the $79.6 million 4.75% convertible subordinated notes due 2007, to fund a three-year escrow account for interest payments and for general corporate purposes.
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