E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
Add to balance / Manage account  User:  Log out
Prospect News home > News index > List of issuers T > Headlines for Tenders 2011 > News item
Published on 8/29/2011 in the Prospect News Convertibles Daily and Prospect News Liability Management Daily.

Hitachi Metals investors put ¥15.51 billion 0% convertibles due 2019

By Marisa Wong

Madison, Wis., Aug. 29 - Hitachi Metals, Ltd. said that holders of its ¥20 billion zero-coupon convertible bonds due 2019 have exercised their put option, requiring the company to buy back ¥15.505 billion of the convertibles on Sept. 13.

Following the redemption, ¥4.495 billion of the convertibles will remain outstanding.

The Minato-Ku, Japan, company makes high-grade metal products and materials, electronics and information components and high-grade functional components.


© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.