Canadian Bonds Calendar

WEEK OF FEBRUARY 14

CANADA MORTGAGE AND HOUSING CORP.: 10-year fixed-rate notes and five-year floating-rate notes; pricing expected week of Feb. 14.

FEBRUARY

NAL ENERGY CORP.: C$150 million to C$250 million of bonds; RBC Capital Markets Corp. and BMO Capital Markets Corp.; NAL Energy is a Calgary, Alta.-based oil and gas producer; pricing expected by end of February.

ON THE HORIZON

CANADIAN SATELLITE RADIO HOLDINGS INC.: (parent company of XM CANADA): about C$150 million of senior notes talked at 9.75% yield area; to help fund the all-stock merger of equals of XM Canada with Sirius Canada Inc., with a combined enterprise value of about $520 million, transaction subject to approval by CSR's shareholders (other than Sirius XM and its affiliates) at a special meeting anticipated to be held Feb. 17.

FLAKEBOARD CO. LTD.: $225 million seven-year senior secured notes (B2/B/); J.P. Morgan Securities LLC, Goldman Sachs & Co.; non-callable for four years; to repay bank debt; Markham, Ont.-based manufacturer of composite panel products.

KRUGER INC.: Up to C$210 million PIK notes; GMP Securities; project finance; Montreal-based paper products manufacturer.

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