Convertibles Calendar

WEEK OF OCT. 30

MEDICAL PROPERTIES TRUST INC. (NYSE: MPW): $100 million five-year exchangeable senior notes; UBS Investment Bank, JP Morgan (joint books); Rule 144A; $15 million greenshoe; non-callable and non-putable; contingent conversion hurdle at 120%; Birmingham, Ala.-based health care real estate investment trust will use proceeds to complete its $90 million acquisition of six facilities during the fourth quarter, to reduce revolving debt and to pay for capped call transactions; talked at a coupon of 6.125% to 6.625% and an initial exchange premium of 17.5% to 22.5%; pricing Wednesday after the close.

MEDIS TECHNOLOGIES LTD.: (Nasdaq: MDTL): $50 million of perpetual convertible preferred stock; Citigroup; Rule 144A offering; $7.5 million greenshoe; non-callable for three years, after which subject to a 150% hurdle; no puts; New York-based maker of fuel cell batteries will use proceeds for developing and commercializing products, which may include capacity expansion, and for general purposes; talked at a dividend of 6.5% to 7.25% and an initial conversion premium of 28% to 32%; pricing Thursday after the close.

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