Issuance of Convertible Bonds with Stock Acquisition Rights Due 2028 and Allocation to Growth Investments
First written in FY2023-Q1. 1 of 2 entries say "Advanced", first in FY2023. Latest entry: FY2023.
22 other companies' latest entry also says "Advanced".
- FY2023AdvancedAnnual report
「During the consolidated fiscal year, the Company issued bonds with stock acquisition rights in February 2023, raising ¥35 billion. The proceeds were used primarily to repurchase and redeem the convertible bonds with stock acquisition rights due 2025, which had been issued in October 2019 to build a strong financial base, reduce financing costs, and smooth and diversify funding burdens.」
The full-year results include the issuance of ¥35 billion of convertible bonds due 2028 and the redemption of ¥27.413 billion of convertible bonds due 2025. - FY2023-Q1First statedAnnual report
「At a meeting of the Board of Directors held on 8 February 2023, the Company resolved to issue euro-yen-denominated convertible bonds with stock acquisition rights due 2028 and subject to acquisition provisions (the "Bonds with Stock Acquisition Rights"). The bonds alone are referred to as the "Bonds" and the stock acquisition rights alone as the "Stock Acquisition Rights." Payment was completed on 24 February 2023.」
The Company issued ¥35 billion of zero-coupon convertible bonds with stock acquisition rights due for redemption on 24 February 2028, with an initial conversion price of ¥2,478. Of the proceeds, approximately ¥27.4 billion was planned to be used by the end of March 2023 to purchase previously issued convertible bonds due 2025, with the balance to be allocated by the end of October 2024 to growth investments, mainly the purchase of mobility vehicles, including EVs.