Amadeusz Juskowiak

Coupon reduced on best denki warrant bond

The coupon on the 70 mln dlr equity warrant eurobond for Best Denki Co Ltd has been set at three pct compared with the indicated 318 pct lead manager Nikko Securities Co Europe Ltd said

The exercise price was set 1640 yen per share representing a premium of 212 pct over todays closing price of 1600 yen The foreign exchange rate was set at 15440 yen to the US Dollar

The fiveyear deal is priced at par