NIPPON STEEL (JP:5401) has released an update.
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NIPPON STEEL CORPORATION has announced the successful conversion of ¥149,990,000,000 worth of its Zero Coupon Convertible Bonds due in 2024 into common shares, with a redemption set for the remaining unexercised bonds on October 4, 2024. Additionally, the company has completed the conversion of all stock acquisition rights for the Zero Coupon Convertible Bonds due in 2026 ahead of schedule, with the early redemption date also on October 4, 2024, following the exercise of its early redemption right.
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