By Abigail W. Adams
Portland, Me., Dec. 14 – Sosei Group Corp. issued ¥32 billion of 0.25% convertible bonds due 2028 on Thursday, according to a listing announcement with the Singapore Exchange.
The convertible bonds priced at par on Nov. 29 with an initial conversion premium of 25% in a Regulation S offering, according to a company news release.
Proceeds will be used to repurchase the ¥30 billion outstanding in 0.25% convertible bonds due 2026.
Sosei Group is a Tokyo-based biopharmaceutical company.
| Issuer: | Sosei Group Corp.
|
| Securities: | Convertible bonds
|
| Amount: | ¥32 billion
|
| Maturity: | 2028
|
| Coupon: | 0.25%
|
| Price: | Par
|
| Conversion premium: | 25%
|
| Conversion price: | ¥1,782
|
| Pricing date: | Nov. 29
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| Settlement date: | Dec. 14
|
| Distribution: | Regulation S
|
| Stock symbol: | TYO: 4565
|
| Stock price: | ¥1,534 no Nov. 28
|
| Market capitalization: | ¥116.26 billion
|
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