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Asahi Glass plans up to $1.1 billion of convertible bonds

Post Time:Nov 25,2009Classify:Industry NewsView:129

Asahi Glass Co., Japan’s biggest glass producer, plans to sell as much as 100 billion yen ($1.1 billion) of convertible bonds for investments and to repay maturing debt.

The Tokyo-based company will sell 45 billion yen each in three-year and five-year zero-coupon convertible bonds, according to a filing with Japan’s Finance Ministry today. Sale underwriters Nomura International Plc and JPMorgan Securities Ltd. have options to sell a further 10 billion yen of notes.

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Source: http://www.glassmagazine.com/news-item/commercial/asahi-glass-plans-11-billion-convertible-bondsAuthor:

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