Amadeusz Juskowiak

Coupon on mitsubishi warrant bond cut

The coupon on the 300 mln dlr equity warrant bond deal for Mitsubishi Estate Co Ltd has been cut to three pct from the 314 pct initially indicated Nikko Securities Co Europe Ltd said as lead manager of the deal

Exercise price for the warrants has been fixed at yen 2817 representing a 253 pct premium over the latest Tokyo close adjusted for a free share issue this month

Foreign exchange fix is yen 15465dlr and payment date on the deal is March 20

REUTER