Convertibles

… year bond yield down 5 basis points (bps) at 7.33 percent, while the new 10-year paper down 3 bps at 7.12 percent, as sentiment bullish ahead of the debt sale later in the day. RUPEE -------------- The partially convertible

… basis point (bp) at 7.37 percent while the new 10-year paper down 2 bps at 7.13 percent, as sentiment bullish ahead of the debt sale later in the day. RUPEE -------------- The partially convertible rupee at 55.

… Suntech Power ( STP ) has reached over $1 per share with a market cap of over $200 million. At the same time, Suntech's convertible bonds haven't budged in value from 20+ cents on the dollar. After consulting two sources, who wish to remain nameless …

* Pricing at tight end of 1-1.5 pct coupon (Adds size increase, pricing details, banker comments)

LONDON, May 23 (IFR) - National Bank of Abu Dhabi took advantage of rarity value to upsize its convertible bond issue to US$465m this afternoon and still achieve a coupon of 1%, the tight end of guidance.

Tesla ( TSLA ), as expected, has paid off the entire loan awarded by the U.S. Department of Energy in 2010. The amount left on the loan had been $451.8M. TSLA funded the payment from a $1B stock and convertible senior note offering completed last week. 3 comments!

… 350 million unsecured term loans to 'BBB-' from 'BB+'; --$2.1 billion senior unsecured notes to 'BBB-' from 'BB+'; --$320.5 million senior unsecured convertible notes to 'BBB-' from 'BB+'; --$405 milli