Ehime Bank, Ltd. announced that it expects to receive ¥8.20 billion in funding.
December 06, 2013 at 04:00 am
Share
Ehime Bank, Ltd. (TSE:8541) announced a private placement of 8,000 first series unsecured convertible bonds at ¥1,000,000 per bond for gross proceeds of ¥8,000,000,000 on December 6, 2013. The bonds carry a face value of ¥1,000,000 and will be issued at a premium price of ¥102.5 for every ¥100. The bonds will carry an interest rate of 0.15% and will mature on March 31, 2021 with the payment dates from December 24, 2013 to December 27, 2013.
On December 16, 2013, the company amended the terms of the transaction. The conversion price of the bonds has been set at ¥237 per share.
Ehime Bank Ltd is a Japan-based bank mainly engaged in the provision of financial services including banking business and leasing business. The Bank operates in two business segments. The Banking segment is engaged in the provision of banking services, including deposits, loans, as well as domestic and foreign currency exchange services through head office, branches and local offices. The Leasing segment is engaged in the provision of leasing services. The Bank is also engaged in the management and operation of computer systems, the credit card business, the guarantee services business and the support for the advancement of ship finance. Through its subsidiaries, the Company also invests in venture companies, the agriculture, forestry and fisheries industries and the support management of companies that incorporate the Sustainable Development Goals (SDGs) into their management in Setouchi region, and acquires, holds and disposes monetary claims for the purpose of acquiring ships.
THE EHIME BANK, LTD. 