NIPPON STEEL (JP:5401) has released an update.
NIPPON STEEL CORPORATION has announced that, due to a rise in share prices, it is exercising its right for early redemption of its Zero Coupon Convertible Bonds due in 2024. The total outstanding principal amount of the bonds set for redemption is ¥149,050,000,000. The company has scheduled the redemption for October 4, 2024, at 100% of the principal amount, but reserves the right to retract the decision under market fluctuations.
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