Convertibles Calendar

WEEK OF NOV. 13

BUNGE LTD. (NYSE: BG): $500 million perpetual convertible preferred stock; Credit Suisse; off shelf; $75 million greenshoe; non-callable for five years, after which subject to a 130% hurdle; no puts; White Plains, N.Y., agribusiness and food retail company will used proceeds for working capital and general purposes, which may include acquisitions and repaying debt; talked at a dividend of 4.875% (from 4.5% to 5%) and an initial conversion premium of 40% (from 35% to 40%); pricing Tuesday after the close.

CHATTEM INC. (Nasdaq: CHTT): $100 million seven-year convertible senior notes; Chattanooga, Tenn., maker of over-the-counter health care products, supplements and toiletries will use $26 million of the proceeds for convertible note hedge and warrant transactions, remainder to repay outstanding revolving debt and to help fund planned acquisition of five Johnson & Johnson brands and Pfizer's consumer health care business; talked at a coupon of 2% to 2.25% and an initial conversion premium of 25% to 27%.

CHINA MEDICAL TECHNOLOGIES INC. (Nasdaq: CMED): $100 million five-year convertible senior subordinated notes; Merrill Lynch; Rule 144A; $25 million greenshoe; non-callable, no puts; Beijing-based maker of cancer treatment devices will use proceeds to concurrently repurchase $30 million of its common stock and for general purposes and to acquire businesses, products and technologies; talked at a coupon of 3.5% to 4% and an initial conversion premium of 20% to 25%; pricing Wednesday after the close.

HEALTH CARE REIT INC. (NYSE: HCN): $300 million 20-year convertible senior notes; UBS Investment Bank, Deutsche Bank (joint books); off shelf; $45 million greenshoe; non-callable for five years, puts in years five, 10 and 15; Toledo, Ohio, real estate investment trust focused on health care and senior housing facilities will use proceeds to invest in more health care and senior housing properties and to repay its unsecured debt; talked at a coupon of 4.375% to 4.875% and an initial conversion premium of 20% to 25%; pricing Tuesday after the close.

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