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Published on 3/10/2009 in the Prospect News Convertibles Daily.

Toppan investors put 99% of ¥60 billion zero-coupon convertibles due 2024

By Susanna Moon

Chicago, March 10 - Toppan Printing Co. Ltd. said bondholders exercised the put option on ¥59.56 billion of the company's ¥60 billion zero-coupon convertible bonds due 2024.

The redemption date is March 29. The settlement date is March 30.

There will be ¥440 million of the bonds outstanding after the redemption.

Toppan is a Tokyo-based printing company.


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