NIPPON STEEL Completes Bond Conversions Ahead of Schedule
Company Announcements

NIPPON STEEL Completes Bond Conversions Ahead of Schedule

NIPPON STEEL (JP:5401) has released an update.

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.

For further insights into JP:5401 stock, check out TipRanks’ Stock Analysis page.

Related Articles
TheFlyUnited Air reports Q3 beat, Amazon unveils nuclear energy pacts: Morning Buzz
TheFlyTrump tells Bloomberg he would end U.S. Steel buyout
TheFlyArcelorMittal to buy Nippon Steel interest in JV to address U.S. Steel concerns
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App