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JX Advanced Metals Sets Terms for Convertible Bonds Due 2029, 2031

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JX Advanced Metals (TYO:5016) finalized the terms of its two tranches of zero-coupon convertible bonds due in 2029 and 2031, according to a Tuesday filing with the Tokyo Stock Exchange.

Both tranches carry a conversion price of 4,860 yen per share, representing a 20% premium to the company's May 18 closing share price of 4,050 yen.

The 2029 bonds will be issued at 110.75% of the principal amount and offered at 113.25%, while the 2031 bonds will be issued at 111.50% and offered at 114.00%. Each bond has a face value of 10 million yen.

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