Convertibles Calendar

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.

RECENT SHELF FILINGS WITH THE SEC:

APEX SILVER MINES LTD. (Symbol: SIL): $200 million shelf filed July 7 for debt securities, preference shares, depositary shares, ordinary shares, warrants and ordinary share purchase rights; securities may be issued as convertibles; Denver, Colo. silver miner will use proceeds to help finance the construction and development of its San Cristobal project, advance evaluation of exploration properties or for other general corporate purposes.

ARCH CAPITAL GROUP LTD. (Symbol: ACGL): $650 million shelf filed July 2 for common shares, preference shares, unsecured debt securities, depositary shares, warrants, share purchase contracts and share purchase units; securities may be issued as convertibles; includes $12.45 million previously registered but unsold; Hamilton, Bermuda specialty insurer and reinsurer will use proceeds for general corporate purposes.

LENNAR CORP. (Symbol: LNR): $1 billion shelf filed July 2 for class A common stock, class B common stock, preferred stock, participating preferred stock, depositary shares, debt securities and warrants; securities may be issued as convertibles; includes $320 million previously registered but unsold; Miami homebuilder will use proceeds for general corporate purposes.

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