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Don Quijote to redeem final ¥8.62 billion 0% convertibles due 2011
By Marisa Wong
Madison, Wis., Sept. 17 - Don Quijote Co., Ltd. said that it will redeem the outstanding balance of its originally issued ¥17 billion zero-coupon convertible bonds due 2011 on Oct. 29.
As of Sept. 15, there was ¥8.62 billion of the convertibles outstanding.
The bonds will be redeemed at par.
The company said that the bonds may be converted up to the close of business on the seventh day prior to the redemption date.
The redemption was triggered by the price of the company's stock closing above 120% of the conversion price of ¥1,821 per share for each of the 30 consecutive trading days ended Aug. 19.
Don Quijote is a Tokyo-based discount chain store.
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