Convertibles Calendar

MARCH 10 WEEK

ARRIS GROUP INC. (Symbol: ARRS): Rule 144A; $100 million of five year five-year convertible subordinated notes with $20 million greenshoe; price talk of 4.25-4.75% yield, 25-30% initial conversion premium; via lead manager CIBC World Markets; provisional call with a 150% trigger for life, three years of coupon make-whole protection; Duluth, Ga.-based telecom equipment company plans to use proceeds to redeem outstanding balance of membership interest owed to Nortel Networks Corp. and to repurchase as much Arris stock as possible owned by Nortel; pricing slated for after the close Wednesday.

RECENT SHELF FILINGS

AVALONBAY COMMUNITIES, INC. (Symbol: AVB): $750 million shelf filed March 11 for debt securities, preferred stock and common stock; securities may be issued as convertibles; Alexandria, Va. apartment REIT will use proceeds for general corporate purposes.

http://www.sec.gov/Archives/edgar/data/915912/000104746903008349/a2105160zs-3.txt

CALIFORNIA WATER SERVICE GROUP (Symbol: CWT): $120 million shelf filed March 11 for debt securities, preferred stock and common stock; securities may be issued as convertibles; San Jose, Calif. water utility and provider of water-related services will use proceeds for general corporate purposes.

http://www.sec.gov/Archives/edgar/data/1035201/000095000503000324/p16770_s3.txt

SEMPRA ENERGY (Symbol: SRE): $2 billion shelf filed March 4 for debt securities, common stock, preferred stock, trust preferred stock, guarantees, warrants, securities purchase contracts, securities purchase units and depositary shares; securities may be issued as convertibles; San Diego energy services company will use proceeds for general corporate purposes.

http://www.sec.gov/Archives/edgar/data/1085767/000089843003001780/ds3.htm

WELLS FARGO & CO. (Symbol: WFC): $15.26 billion shelf filed March 10 for debt securities, preferred stock, depositary shares, purchase contracts, units and securities warrants; includes $1.6 billion previously registered but unsold; securities may be issued as convertibles; San Francisco financial services company will use proceeds for general corporate purposes.

http://www.sec.gov/Archives/edgar/data/72971/000104596903000605/ds3.htm

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