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Kawasaki Heavy Industries Prices New Share Offering, Finalizes Zero-Coupon Bonds Terms

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Kawasaki Heavy Industries (TYO:7012) said it has priced its international share offering at 2,609 yen per share to raise 97.45 billion yen, with payments due on July 22 and delivery expected on July 23.

The company has also finalized terms for zero-coupon convertible bonds due 2031 and 2033, carrying a conversion price of 3,913 yen and 3,783 yen, respectively, according to a release on Tuesday.

The bonds due in 2031 carry a 49.98% premium to the share offering price, while the bonds due in 2033 carry a 45% premium.

The net proceeds from the share sale will be used to fund the expansion of production capacity and advance manufacturing technologies by March 2029.

The proceeds from the convertible bond offering will be used through March 2031 to establish a liquefied hydrogen supply chain and physical AI development.

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