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Prospect News home > News index > List of issuers Tenders > Headlines for 2024 > News item
Published on 3/18/2024 in the Prospect News Convertibles Daily and Prospect News Liability Management Daily.

DMG Mori to redeem 0% convertibles on 130% call option

Chicago, March 18 – DMG Mori Co. Ltd. will redeem all ¥38.59 billion zero-coupon convertible bonds due July 16, 2024 using the 130% call option, according to a notice.

The redemption date will be April 17.

The bonds will be redeemed at par.

There were originally ¥40 billion of the bonds issued.

The current conversion price is ¥2,549.40. The original conversion, before March 28, 2023, was ¥2,593.

DMG Mori is a Nagoya, Japan-based machine tool manufacturer.


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