E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
Add to balance / Manage account  User:  Log out
Prospect News home > News index > List of issuers T > Headlines for Tenders 2008 > News item
Published on 6/10/2008 in the Prospect News Convertibles Daily.

SFCG announces exercise of put option for 95% of euroyen-denominated convertibles

By Devika Patel

Knoxville, Tenn., June 10 - SFCG Co., Ltd. said investors are exercising their put option and the company must therefore redeem ¥19.05 billion of its ¥20 billion in euroyen-denominated convertible bonds with warrants due 2011.

The bonds will be bought back June 16 at par.

After this buyback, the company will have ¥950 million of the bonds still outstanding.

SFCG, based in Tokyo, is a finance and investment company.


© 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.