Convertibles Calendar

On the Horizon

UNITED TECHNOLOGIES CORP. (NYSE: UTX): Mandatory convertibles; to fund proposed acquisition of Goodrich Corp.; Hartford, Conn.-based technology and services provider to the building and aerospace industries.

International

March 27

INSURANCE AUSTRALIA GROUP INC. (Australia: IAG): At least A$350 million floating-rate convertible preferred shares; par A$100; dividend to be 4% plus 180-day Bank Bill rate; Regulation S; via joint lead managers Goldman Sachs, Macquarie, National Australia Bank, UBS and Westpac; issue date May 1; trade date May 2; exchange date May 1, 2017; mandatory conversion May 1, 2019, subject to VWAP of shares being 157.5% of issue date price; proceeds to repurchase existing reset preference shares; Sydney, Australia-based insurance writer.

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