ON THE HORIZON

ADVANCED SEMICONDUCTOR ENGINEERING INC.: (Symbol: ASX): $135 million of five-year convertible notes, with a $15 million greenshoe; via lead manager Goldman Sachs International; the Taiwanese semiconductor testing firm also plans to sell 60 million American Depositary Shares, which will each represent five ordinary shares with a par value of NT$10 each; timing will be as soon as the registration statement at the Securities and Exchange Commission becomes effective.

CAPITALSOURCE INC. (Symbol: CSE): $300 million senior unsecured convertible debentures due 2034; $30 million greenshoe; Rule 144A; Chevy Chase, Md. commercial finance company will use proceeds to repay outstanding indebtedness and for general corporate purposes.

RECENT SHELF FILINGS WITH THE SEC:

AMERICAN FINANCIAL GROUP, INC. (Symbol: AFG): $600 million shelf filed June 30 for debt securities, common stock, preferred stock, warrants, depositary shares, stock purchase contracts, stock purchase units and trust preferreds; securities may be issued as convertibles; includes $115 million previously registered but unsold; Cincinnati property and casualty insurer will use proceeds for general corporate purposes.

ENCORE ACQUISITION CO. (Symbol: EAC): $500 million shelf filed June 30 for debt securities including possible add-ons to 6¼% notes due 2014, preferred stock and common stock; securities may be issued as convertibles; includes $162.64 million previously registered but unsold; Fort Worth, Tex. energy company will use proceeds for general corporate purposes.

RUSSELL CORP. (Symbol: RML): $250 million shelf filed June 25 for debt securities, common stock, preferred stock and warrants; securities may be issued as convertibles; Atlanta athletic and sporting goods company will use proceeds for general corporate purposes.

SOVEREIGN BANCORP, INC. (Symbol: SOV): $1 billion shelf filed June 24 for debt securities, preferred stock, depositary shares, common stock, warrants, stock purchase contracts, stock purchase units and trust preferreds; securities may be issued as convertibles; Philadelphia bank will use proceeds for general corporate purposes.

TRIZEC PROPERTIES, INC. (Symbol: TRZ): $750 million shelf filed June 25 for preferred stock, depositary shares, common stock and warrants; preferreds may be sold as convertibles; includes some securities previously registered but unsold; Chicago office real estate investment trust will use proceeds for general corporate purposes.

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