SBI Holdings to early redeem 0% convertibles at par on April 2

By Mary-Katherine Stinson

Lexington, Ky., Feb. 29 – SBI Holdings Inc. will redeem early all outstanding ¥66.66 billion of its ¥70 billion 0% convertible bonds due 2025 (ISIN: XS2199268710), according to a notice.

The bonds will be redeemed at par on April 2.

As of Feb. 29, the bonds’ conversion price is ¥2,791.6 per share with a closing price of ¥4,025 per share.

The last day on which stock acquisition rights may be exercised is March 25.

SBI Holdings is a Tokyo-based financial services company.

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