Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers T > Headlines for Taiwan High Speed Rail Corp. > News item |
Taiwan High Speed Rail calls remaining 0% convertible bonds due 2012
New York, Dec. 22 - Taiwan High Speed Rail Corp. said that it will exercise the clean up call for its outstanding zero-coupon convertible bonds due 2012.
The remaining $26,318,000 of the securities will be redeemed on Jan. 27 at $1,313.15 per $1,000 principal amount.
Holders may convert the notes at a price of NT$10 per share. Taiwan High Speed Rail's stock closed at NT$5.01 on Dec. 16.
The call is exercisable because more than 90% of the original $300 million of the convertibles has been redeemed, repurchase, cancelled or converted.
The Taipei, Taiwan, company develops and operates the high-speed railway system in Taiwan.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.