A report in the Prospect News Convertibles Daily for Dec. 4 misstated the conversion price for Konami Holdings Corp.’s new issue of convertible bonds. The conversion price is ¥4,553. A corrected report follows.
By Rebecca Melvin
New York, Dec. 3 – Konami Holdings Corp. priced ¥10 billion seven-year 0% convertible bonds with an initial conversion premium of 52.99% on Thursday, according to a company news release.
The Regulation S bonds were offered at 103% of their ¥10 million par, and they will be redeemed on Dec. 22, 2022 at par. The initial conversion price for the bonds is ¥4,553.
Proceeds will go toward the repurchase of shares until March 31, 2016.
Tokyo-based Konami is an entertainment company involved in video games, gaming machines and health clubs.
| Issuer: | Konami Holdings Corp.
|
| Issue: | Convertible bonds
|
| Amount: | ¥10 billion
|
| Maturity: | Dec. 22, 2022
|
| Coupon: | 0%
|
| Price: | 103% of par, ¥10 million
|
| Redemption price at maturity: | 100%
|
| Conversion premium: | 52.99%
|
| Conversion price: | ¥4,553
|
| Pricing date: | Dec. 3
|
| Settlement date: | Dec. 22
|
| Distribution: | Regulation S
|
| Stock symbol: | Tokyo: 9766; OTC Pink: KNMCY
|
| Stock price: | ¥2,976.0 as of close Dec. 3
|
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