NGK Spark Plug holders put back ¥13.43 billion convertibles

By Jennifer Chiou

New York, March 6 - NGK Spark Plug Co., Ltd. announced that holders of its zero-coupon convertible bonds due March 31, 2011 have put back ¥13.43 billion of the bonds.

The early redemption date is March 31.

Following the put, ¥2.67 billion of the bonds will remain outstanding.

The convertibles were issued on April 15, 2004 and have a conversion price of ¥1.369 per share.

The Aichi, Japan- based company is a supplier and manufacturer of spark plugs, oxygen sensors and performance products.

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