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Prospect News home > News index > List of issuers T > Headlines for Tenders 2011 > News item
Published on 8/25/2011 in the Prospect News Convertibles Daily and Prospect News Liability Management Daily.

Nippon Yusen holders exercise put on ¥54.56 billion convertibles

By Toni Weeks

San Diego, Aug. 25 - Holders of ¥54,555,000,000 of Nippon Yusen Kabushiki Kaisha's ¥55 billion zero-coupon convertible bonds due 2026 (ISIN: XS0266874113) exercised the put option on the securities, according to an announcement.

The convertibles will be redeemed Sept. 20.

Following the redemption, ¥445 million of the bonds will remain outstanding.

The sea, land and air transportation and logistics company is based in Tokyo.


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