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Prospect News home > News index > List of issuers T > Headlines for Tenders 2011 > News item
Published on 3/28/2011 in the Prospect News Convertibles Daily and Prospect News Liability Management Daily.

Bank of Iwate cancels ¥800 million step-up convertible bonds

By Toni Weeks

San Diego, March 28 - The Bank of Iwate, Ltd. has canceled ¥800 million of its original ¥20 billion of step-up convertible bonds due 2017, according to a company announcement.

The transaction was to settle on Monday. Following this, ¥11.7 billion of the bonds remains outstanding.

The regional bank is based in Morioka, Japan.


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