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Published on 1/12/2017 in the Prospect News Convertibles Daily.

Convertibles Calendar: Two Harbors in the market

Domestic Calendar

On The Horizon

TWO HARBORS INVESTMENT CORP.:

• $250 million of convertible senior notes due 2022

• $37.5 million greenshoe

• Yield talked at 6% to 6.25%, with conversion price of $10.00

• Credit Suisse Securities (USA) LLC

• Proceeds will be used to fund the business and investment activities of the company and its subsidiaries, which may include acquisitions, and for general corporate purposes.

• New York-based real estate investment trust that invests in residential mortgage-backed securities, mortgage servicing rights, commercial real estate and other financial assets

• NYSE: TWO

International Calendar

On The Horizon

NANYA TECHNOLOGY CORP.:

• $500 million of overseas convertible bonds

• Five-year paper with a 0% coupon

• Proceeds will be used for 20-nm process technology conversion.

• Taoyuan, Taiwan-based manufacturer and seller of dynamic random access memory (DRAM) products

• TPE: 2408


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