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Prospect News home > News index > List of issuers T > Headlines for Tobu Railway Co. Ltd. > News item
Published on 2/2/2009 in the Prospect News Convertibles Daily.

Tobu Railway resets conversion price to ¥580 on 0% convertibles

New York, Feb. 2 - Tobu Railway Co., Ltd. said it reset the conversion price on its ¥50 billion zero-coupon convertible bonds due 2016 to ¥580.

The conversion price was previously ¥725.

The change was made on Jan. 30 and is effective Feb. 10. It was made in accordance with the terms of the bonds.

Tobu is a Tokyo-based rail operator.


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