Convertibles Calendar: Cowen Group to price $125 million

MARCH 4

COWEN GROUP INC. (Nasdaq: COWN): $125 million of five-year convertible senior notes; pricing after the market close Tuesday; talked 2.5%-3%, up 27.5%-32.5%; Rule 144A; $18.75 million greenshoe; joint bookrunners Nomura Securities International, Inc. and Cowen and Co. LLC; non-callable; contingently convertible into cash only after Sept. 15, 2018; call spread; proceeds to pay the cost of call spread, to purchase $15 million in common stock and for general corporate purposes; New York-based financial services company.

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