New Issue: Finuchem prices €14.976 million convertibles to yield 5.61%, up 14.75%

New York, March 2 - Finuchem priced €14.976 million five-year convertible bonds in the Oceanes structure to yield 5.61% with a 14.75% initial conversion premium.

Proceeds will be used to help fund the company's previously announced diversification strategy.

Finuchem is a Savran, France-based maker of industrial robots.

Euroland Finance was financial adviser for the offering.

Issuer:	Finuchem
Issue:	Oceanes convertible bonds
Amount:	€14.976 million
Maturity:	March 16, 2010
Coupon:	3.5%
Price:	Par of €14.40
Redemption price:	111.80% of par
Yield:	5.61%
Conversion premium:	14.75%
Conversion price:	€14.40
Conversion ratio:	1
Call:	Current, at accreted value, subject to 125% hurdle
Pricing date:	March 1
Settlement date:	March 16

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