TOKYO, Mar 26 (Pulse News Wire) – Ferrotec Corporation (6890.T) announced today that it has decided to exercise its early redemption right on its outstanding euro-yen convertible bonds due 2028. According to the bond terms, the conditions for exercising this right were met on March 24, 2026, triggering the right to redeem all remaining bonds at their face value amount of 100%.
The company plans to execute the redemption on April 23, 2026; however, unforeseen market events could prevent the exercise. Should the company proceed, it will notify bondholders accordingly.
The total amount subject to early redemption is ¥25.00 billion (face value) as of March 24, 2026. The conversion option expiry date is set for June 17, 2026 (Luxembourg Jikan), and the redemption date is scheduled for June 22, 2026.
Additional details on the bonds include: - Issue date: June 23, 2023 - Original maturity date: June 23, 2028 - Total issuance amount: ¥25.00 billion (face value) - Conversion price: ¥3,592 Originally, the conversion price was set at ¥4,020, but it was adjusted to __NUM_2__ based on the conversion price adjustment clause announced on November 14, 2025.
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