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Ricoh greenshoe exercised, raising convertibles to ¥55 billion
By Lisa Kerner
Charlotte, N.C., Nov. 30 - Ricoh Co., Ltd. said its underwriters exercised a ¥5 billion greenshoe, augmenting its recent sale of euro yen convertible bonds to ¥55 billion, according to a 6-K filing with the Securities and Exchange Commission.
On Nov. 22, Ricoh priced ¥50 billion of the five-year euro yen convertible bonds at a coupon of 0% and an initial conversion premium of 29%.
Ricoh did not name the bookrunner for the deal.
The bonds were non-callable with a put in year four.
There is a contingent conversion threshold at 120%.
Tokyo-based Ricoh makes office and electronic equipment.
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