Convertibles Calendar: South Jersey, Deutsche Bank on tap

April 18

SOUTH JERSEY INDUSTRIES INC.:

• $250 million in three-year mandatorily convertible equity units, or 5 million units with a par value of $50

• Price talk for a yield of 7% to 7.5% and a threshold appreciation range of 17.5% to 22.5%

• BofA Merrill Lynch, Guggenheim Securities and Wells Fargo Securities LLC

• Pricing after market close Wednesday

• Conversion to occur upon shareholder approval

• Registered offering

• Concurrent offering of $325 million shares of common stock with a greenshoe of $48.75 million

• Proceeds to be used to partially fund the acquisition of Elizabethtown Gas and Elkton Gas from Pivotal Utility Holdings Inc.

• Folsom, N.J.-based energy services holding company

On The horizon

DEUTSCHE BANK AG, LONDON BRANCH:

• Cash-settled equity-linked notes tied to JPMorgan Chase & Co.

• Deutsche Bank Securities Inc.

• Issued at 105% of par with a minimum purchase of $100,000

• Deutsche Bank AG, London Branch is a subsidiary of Deutsche Bank AG, a Frankfurt-based global banking and financial services company.

• JPMorgan is a New York-based financial services holding company.

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