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Prospect News home > News index > List of issuers T > Headlines for Tenders 2009 > News item
Published on 8/28/2009 in the Prospect News Convertibles Daily.

Park24 to buy back ¥1.5 billion in zero-coupon convertibles due 2026

By Devika Patel

Knoxville, Tenn., Aug. 28 - Park24 Co., Ltd. said it will repurchase and cancel ¥1.5 billion of its ¥15 billion zero-coupon convertible bonds due 2026. The bonds are scheduled for cancellation on Sept. 3.

There will be ¥10.15 billion of the bonds remaining outstanding after this repurchase.

Park24 is a Tokyo-based installer of parking equipment and provider of automated parking services.


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