share_log

ニッコンHD---切り返して反発、CB発行と自社株買いを発表

Nippon HD - reversed and rebounded, announced the issuance of convertible bonds and a share buyback.

Fisco Japan ·  Nov 26, 2024 21:11

Nippon Konpo HD <9072> has rebounded. It announced the issuance of a 22 billion yen Euro-yen denominated convertible bond maturing in 2031. The conversion price is 2,090 yen, with an increase rate of 7.95% compared to the previous day's closing price. The ratio of potential shares is expected to be 8.45%. On the other hand, to mitigate the short-term impact on supply and demand, a share buyback of 7 billion yen in off-hours trading has also been announced. There is a predominantly positive reaction as it is expected to lead to improved capital efficiency. The funds raised through convertible bonds will be used for share buybacks as well as for repaying loans related to the acquisition of a U.S. subsidiary.

Disclaimer: This content is for informational and educational purposes only and does not constitute a recommendation or endorsement of any specific investment or investment strategy. Read more
    Write a comment