Convertibles Calendar

ON THE HORIZON

EAGLE BANCORP INC. (Nasdaq: EGBN): up to $30 million of non-cumulative convertible perpetual preferred stock; registered deal; to price in the third quarter after its merger with Fidelity & Trust Corp.; offering is expected to be made primarily to the community bank's shareholders; proceeds will be used to further strengthen capital; in Bethesda, Md.-based community bank.

CVR ENERGY INC. (NYSE: CVI): $125 million five-year convertible senior notes; greenshoe for $18.75 million; Goldman, Sachs & Co., Citigroup (joint books), Deutsche Bank Securities and Credit Suisse; off shelf; non-callable, no puts; escrow for interest payments to 2011; Sugar Land, Texas-based independent refiner and marketer of high-value transportation fuels will use proceeds for general corporate purposes.

INTERNATIONAL CONVERTIBLES

SEPTEMBER 3

AUSTRALIA AND NEW ZEALAND BANKING GROUP LTD. (ASE: ANZ): A$500 million six-year floating-rate convertible preferred shares; talked to yield a margin of between 2.50% to 2.90%; margin will be determined Sept. 3; mandatory conversion June 16, 2014 at at least A$102.56 worth of ordinary shares per convertible preferred share based on the VWAP of ordinary shares during the 20 business days before; put in the event of an acquisition, a tax event or a regulatory event; joint lead managers ANZ Securities, Citigroup, Commonwealth Securities, Deutsche Bank, E*Trade Australia, Goldman Sachs JB Were, JPMorgan, Macquarie Capital and UBS; co-managers are Credit Suisse and ABN Amro Morgans; expected listing on the Australian Securities Exchange under the symbol "ANZPB"; Melbourne-based financial services company.

ON THE HORIZON

OPAL ENERGY CORP. (TSX: OPA): up to $35 million of five-year convertible senior secured notes; Rule 144A; $5.25 million greenshoe; proceeds earmarked for natural gas and oil exploration and production on Gulf Coast region of Texas; Vancouver, B.C.-based independent exploration and production company.

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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