Convertibles calendar

WEEK OF FEB. 13

AMGEN INC. (Nasdaq: AMGN): Rule 144A; $4 billion of convertible bonds in two tranches; $2 billion in convertible senior notes due 2011 and $2 billion in convertible senior notes due 2013, both non-callable; five-year tranche talked with 0.125% to 0.625% coupon, initial conversion premium of 10% to 13%; seven-year tranche talked with 0.375% to 0.875% coupon, initial conversion premium of 10% to 13%; Thousand Oaks, Calif.-based biotech to use proceeds from the offering and concurrent warrant transactions to buy back about $3 billion of common shares, and to fund convertible note hedge transactions to offset dilution of potential future note conversions and effectively push conversion premium to 50%; joint global coordinators and joint bookrunners: Morgan Stanley, Merrill Lynch; joint bookrunners: Citigroup, JPMorgan, Lehman Brothers; co-managers: Bear Stearns, Credit Suisse; pricing slated after the market close Tuesday.

CRANES SOFTWARE INTERNATIONAL LTD.: €40 million foreign currency convertible bonds; via Barclays Capital; Bangalore, India, scientific and engineering software company; roadshow started Feb. 13.

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