TOKYO, Apr 23 (Pulse News Wire) – Ferrotec Corporation (6890.T) exercised its early redemption right for its outstanding euro-yen convertible bonds due in 2028. The company notified bondholders today that it would redeem all remaining bonds at their face value of 22.77 billion based on the conditions set forth in the bond issuance agreement.
Key details of the redemption include: - Exercise of early redemption rights occurred on June 17, 2026. - Redemption date set for June 22, 2026. - Total amount subject to redemption is __NUM_0__ yen (as of April 21, 2026). Additionally, holders who exercise their subscription rights between March 31, 2026 and June 17, 2026, will be entitled to receive additional shares of Ferrotec common stock resulting from retroactive adjustments to the conversion price according to the bond terms.
The initial issuance of the bonds took place on June 23, 2023, with an original maturity date of June 23, 2028. The total issuance was ¥25.00 billion (face value). The latest share price recorded on April 22, 2026 closed at ¥7,000. The adjusted conversion price stands at ¥3,592, reflecting changes made pursuant to the bond's conversion price adjustment clause announced on November 14, 2025.
Ferrotec Corporation retains March 31, 2026 as the record date for dividend distribution.
🟢 Confidence: High AI-translated content.