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Published on 9/20/2013 in the Prospect News Convertibles Daily and Prospect News Liability Management Daily.

Nidec holders put portion of euro yen convertible bonds due 2015

By Marisa Wong

Madison, Wis., Sept. 20 - Nidec Corp. said that some holders of its euro yen convertible bonds due 2015 exercised their put option. The company redeemed ¥4.25 billion of put bonds on Friday, according to a press release.

The early redeemed bonds will be cancelled, leaving ¥95.75 billion of the original ¥100 billion principal amount outstanding.

Nidec is a Kyoto, Japan-based manufacturer of electric motors.


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