Convertibles Calendar

Aug. 2 (post-close):

GREENLIGHT CAPITAL RE, LTD.:

• $100 million five-year convertible notes

• Price talk for a coupon of 3.5% to 4% and an initial conversion premium of 25% to 30%

• Credit Suisse Securities (USA) LLC and Citigroup Global Markets Inc.

• Rule 144A

• Greenshoe of $15 million

• Non-callable

• Proceeds to repurchase up to 1 million shares of common stock, to make contributions to the capital and surplus of subsidiaries and for general corporate purposes

• Concurrent IPO offering from AXA Equitable Holdings for 137.25 million shares at $24.00 to $27.00 per share

• Cayman Islands-based specialist property and casualty reinsurance company

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