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Prospect News home > News index > List of issuers T > Headlines for Tenders 2011 > News item
Published on 3/28/2011 in the Prospect News Convertibles Daily and Prospect News Liability Management Daily.

Tobu Railway buys ¥80 billion convertibles, exchangeable preferreds

By Melissa Kory

Cleveland, March 28 - Tobu Railway Co., Ltd. said it purchased and canceled its overseas special-purpose subsidiary Tobu Railway Kabushiki Kaisha's euro yen subordinated convertible bonds due 2014 and subsidiary TR Preferred Capital Ltd.'s euro yen exchangeable preferred securities.

A total of ¥80 billion of the convertibles and exchangeable preferreds were purchased on March 28.

Tobu Railway is a Tokyo-based rail operator.


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