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Published on 12/30/2005 in the Prospect News Convertibles Daily.

Mitsui Fudosan calls 0% convertibles

New York, Dec. 29 - Mitsui Fudosan Co., Ltd. said it will redeem its ¥80 billion of zero-coupon convertible bonds due 2010 on Feb. 2.

The company will pay par.

Up to Jan. 30, holders can convert the securities into stock at a price of ¥1,425.

Mitsui Fudosan is a Tokyo-based builder and manager of urban residential housing. Its stock closed at ¥2,365 Thursday.


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