New Issue: Affiliated Managers Group $200 million mandatory convertible at 6.0% yield, up 15%

By Ronda Fears

Nashville, Tenn., Dec. 18 - Affiliated Managers Group Inc. sold $200 million of three-year mandatory convertible preferreds at par of 25 to yield 6.0% with a 15% initial conversion premium. Merrill Lynch & Co. was lead manager of the overnight registered deal.

The Boston-based money manager said proceeds would be used to repay debt and general corporate purposes.

Terms of the new deal are:

Issuer: Affiliated Managers Group Inc.

Amount: $200 million

Greenshoe: $30 million

Lead Manager: Merrill Lynch

Maturity Date: Dec. 30, 2004

Dividend: 6.0%

Issue Price: par, $25

Yield-to-maturity: 6.0%

Conversion Premium: 15%

Conversion Price: $73.10/$84.065

Conversion Ratio: 0.29739/0.342

Call: non-callable

Rating(s): S&P: BBB-

Settlement Date: Dec. 21

End

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