FerroTec Corporation announced that on March 24, 2026, the stock price condition for the 130% call option clause of the Euro yen convertible bonds due 2028 with a remaining principal of 25 billion yen was satisfied, resulting in the occurrence of the right of early redemption, and plans to exercise this right on April 23, 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Corporation","jir_importance":"\u2605\u2605\u2605\u2605\u2606","jir_publication_date":"2026-03-26","jir_source_link":"https:\/\/japanir.jp\/wp-content\/uploads\/2026\/03\/6890-20260326-01.pdf","jir_short_summary":"FerroTec Corporation announced that on March 24, 2026, the stock price condition for the 130% call option clause of the Euro yen convertible bonds due 2028 with a remaining principal of 25 billion yen was satisfied, resulting in the occurrence of the right of early redemption, and plans to exercise this right on April 23, 2026.","jir_summary":"### Regarding the Occurrence and Exercise Decision of the Early Redemption Right\nFerroTec Corporation announced that for the Euro yen convertible bonds with warrants due 2028 (total issuance amount of 25 billion yen), on March 24, 2026, the stock price condition under the 130% call option clause was satisfied, resulting in the occurrence of the right of early redemption on all outstanding bonds as of that date. In response, the company has decided to exercise this right on April 23, 2026. However, it noted that in case of unforeseen circumstances such as a sudden change in market conditions, the exercise may not proceed.\n\n### Details of Early Redemption and Future Actions\nThe early redemption target is the entire outstanding principal of 25 billion yen (face value) as of March 24, 2026, with the redemption amount set at 100% of the face value. The exercise deadline for the warrants is June 17, 2026, and the early redemption date is June 22, 2026. The initial conversion price was 4,020 yen, which was adjusted to 3,592.9 yen on November 14, 2025. Notifications will be sent to bondholders upon the exercise of rights.","jir_financial_highlights":"Total Amount Subject to Early Redemption: 25 billion yen (face value) (Unknown)\nEarly Redemption Amount: 100% of the face value of the bonds (Unknown)\nExercise Deadline for Warrants: 2026-06-17 (Unknown)\nEarly Redemption Date: 2026-06-22 (Unknown)","jir_category":"","jir_hashtags":"#FerroTecCorporation, #CapitalPolicy, #ConvertibleBonds, #EarlyRedemption, #JapaneseStocks","jir_key_figures":"Total Amount Subject to Early Redemption: 25 billion yen (face value)\nEarly Redemption Amount: 100% of the face value\nExercise Deadline for Warrants: 2026-06-17","jir_meta_title":"FerroTec Corporation Announces Occurrence of Early Redemption Right under 130% Call Option for 25 Billion Yen Convertible Bonds Due 2028","jir_meta_description":"FerroTec Corporation announced that on March 24, 2026, the stock price condition for the 130% call option clause of the Euro yen convertible bonds due 2028 amounting to 25 billion yen was satisfied, resulting in the occurrence of the early redemption right, and plans to exercise this right on April 23, 2026.","jir_og_title":"FerroTec Announces Occurrence of Early Redemption Right for Convertible Bonds Due 2028","jir_og_description":"FerroTec announced the occurrence of the early redemption right under the 130% call option clause for 25 billion yen convertible bonds due 2028 and plans to exercise it on April 23.","jir_og_image_url":"\/assets\/og\/company-general_ir.jpg","jir_chart_data_collection":"[]","ir_related_company":8880,"ir_release_date":"","ir_type":"","ir_is_new":false,"ir_document_url":"","jir_ir_type":"capital_policy","footnotes":""},"sector":[],"importance":[],"class_list":["post-36649","ir_release","type-ir_release","status-publish","hentry"],"yoast_head":"\n