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BRIEF-Onkyo to issue bonds for 600 mln yen to fund R& D and marketing
December 13, 2016 / 7:06 AM / in 10 months

BRIEF-Onkyo to issue bonds for 600 mln yen to fund R& D and marketing

Dec 13 (Reuters) - Onkyo Corp :

* Says it will issue 3rd series unsecured convertible corporate bonds with warrants worth 600 million yen through private placement

* Says face value of 100 million yen and issue price at 100 yen per face value of 100 yen

* Says the conversion price at 113 yen per share

* Says interest rate of 1.5 percent

* Says maturity on Dec. 28, 2017

* Says payment date on Dec. 29

* Says proceeds to be used to fund R& D and marketing

Source text in Japanese:goo.gl/W8udfz

Further company coverage: (Beijing Headline News)

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