TOKYO, Mar 26 (Pulse News Wire) – Ferrotec Corporation (6890.T) corrected its previous announcement regarding early redemption rights for its 2028 maturity Euro-yen convertible bonds with detachable warrant shares. In the revised statement, the company confirmed that due to meeting the stock price condition stipulated in the bond terms on March 24, 2026, it gained the right to redeem all remaining bonds at their face value amount of 100%.
The company decided to exercise this right today. The planned redemption date is set for April 23, 2026. However, unforeseen events such as sudden changes in market conditions could prevent the company from exercising this right.
Should the company proceed with the redemption, it will notify bondholders according to the bond terms. In the initial announcement, there was an error stating the maturity date of the bonds as 2026 instead of 2028. The correction clarifies that the affected bonds are those maturing in 2028.
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