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Prospect News home > News index > List of issuers T > Headlines for Tenders 2011 > News item
Published on 6/7/2011 in the Prospect News Convertibles Daily and Prospect News Liability Management Daily.

Toppan investors put ¥34.85 billion of 0% convertible bonds due 2026

By Marisa Wong

Madison, Wis., June 7 - Toppan Printing Co. Ltd. said that holders of its zero-coupon convertible bonds due 2026 have exercised their put option for ¥34.85 billion of the ¥35 billion of outstanding convertibles.

The company will buy back the put convertibles on June 12. Settlement is expected to occur on June 13.

Following the redemption, ¥150 million of the bonds will remain outstanding.

Toppan is a Tokyo-based printing company.


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