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Prospect News home > News index > List of issuers T > Headlines for Tenders 2005 > News item
Published on 10/20/2005 in the Prospect News Convertibles Daily.

Kobe Steel calls 0% convertibles

New York, Oct. 20 - Kobe Steel, Ltd. said it will redeem all ¥29.695 billion outstanding principal amount of its zero-coupon convertible bonds due 2006 on Nov. 21.

The Kobe and Tokyo, Japan-based steel maker will pay par.

Up to Nov. 16, holders can convert the bonds to stock at ¥218 per share. Kobe Steel stock closed at ¥316 on Oct. 17.


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