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Prospect News home > News index > List of issuers T > Headlines for Tenders 2006 > News item
Published on 9/29/2006 in the Prospect News Convertibles Daily.

Casio calls zero-coupon convertible bonds due 2010

By Laura Lutz

Des Moines, Sept. 29 - Casio Computer Co., Ltd. announced that it plans to redeem all of its ¥20 billion outstanding zero-coupon convertible bonds due 2010.

Holders may choose to convert their notes to common stock up to Oct. 25. The current conversion price is ¥1,642 per share.

Any bonds not converted by the conversion deadline will be redeemed at face value on Oct. 30.

JPMorgan Chase Bank is the principal agent for the redemption.

The company's shares closed at ¥2,325 on Sept. 25.

Casio is a Tokyo-based electronics company.


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