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Tobu Railway holders put nearly all zero-coupon convertibles
By Angela McDaniels
Tacoma, Wash., March 2 - Tobu Railway Co., Ltd. said ¥48.23 billion of its ¥50 billion zero-coupon convertible bonds due 2016 were put back to the company and will be redeemed on March 31.
Following the put option, ¥1.77 billion of the convertibles will remain outstanding.
Tobu Railway is a Tokyo-based rail operator.
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