Convertibles Calendar

WEEK OF JUNE 19

MEDIMMUNE INC. (Nasdaq: MEDI): $1 billion of convertible bonds in two $500 million tranches; to price June 22, after the close; $150 million greenshoe, or $75 for each tranche; Rule 144A; bookrunners Merrill Lynch and UBS; price talk for the five-year tranche is for a coupon of 0.875% to 1.375%, up 20% to 25%; talk on the seven-year tranche is for a coupon of 1.125% to 1.635%, up 20% to 25%; both are non-call, non-putable; proceeds for repurchase of existing 1% convertible senior notes, up to $150 million buyback, convertible note hedge transactions, and working capital five years; Gaithersburg, Maryland-based biotechnology company.

EQUITY OFFICE PROPERTIES TRUST (NYSE: EOP): $1 billion of 20-year exchangeable senior notes; talked to yield 3.75% to 4%, up 18% to 22%; to price June 22 after the close; senior unsecured obligations of the subsidiary, EOP Operating LP; greenshoe of $150 million; Merrill Lynch is lead of four bookrunners including Banc of America, Wachovia and UBS Investment Bank; 5.5 year call protection and a 5.5 year put; proceeds to buy back $450 million worth of common stock concurrent with the offering's close and for general corporate purposes; Chicago office building real estate investment trust.

ON THE HORIZON

GOL LINHAS AEREAS INTELIGENTES SA (NYSE: GOL): $100 million offering of 20-year convertible senior unsecured notes; pricing expected after registration is approved; Morgan Stanley is bookrunner; also concurrent primary offering of 2.5 million preferred shares and offer of convertible debentures in Brazil; greenshoe for $15 million; non-callable for five years; puts in years five, 10 and 15; contingent conversion at 120%; Sao Paulo, Brazil-based low cost airline carrier will use proceeds to buy aircraft, equipment and materials.

RETAIL VENTURES INC. exchangeable into DSW INC. (NYSE: DSW): $125 million of five-year mandatory premium income securities (PIES) exchangeable into class A common shares of DSW Inc.; Lehman Brothers is bookrunner; non-callable; no puts; Columbus, Ohio-based department store operator will use proceeds to repay loans and for general purposes; DSW is a Columbus, Ohio-based footwear retailer spun off by Retail Ventures.

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