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Published on 10/20/2023 in the Prospect News Convertibles Daily.

New Issue: Taiyo Yuden issues ¥50 billion 0% convertible notes due 2030

By Abigail W. Adams

Portland, Me., Oct. 20 – Taiyo Yuden Co. Ltd. settled its previously priced ¥50 billion offering of 0% convertible notes due 2030 on Oct. 20, according to a listing announcement with the Singapore Exchange.

The notes were issued at 102.5.

SMBC Nikko Capital was bookrunner for the Regulation S offering.

The bonds will be listed for trade on the Singapore Exchange on Oct. 23.

Taiyo Yuden is a Tokyo-based materials and electronic company.

Issuer:Taiyo Yuden Co. Ltd.
Amount:¥50 billion
Issue:Convertible senior notes
Maturity:Oct. 18, 2030
Bookrunner:SMBC Nikko Capital
Coupon:0%
Price:102.5
Pricing date:Oct. 4
Settlement date:Oct. 20
Distribution:Regulation S
Stock symbol:TYO: 6976
Market capitalization:¥452 billion

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