Ohizumi Mfg. Co., Ltd. (TSE:6618) announced a private placement of four first series unsecured convertible bonds with warrants at ¥25,000,000 per bond and 939 additional warrants at ¥2,098 per warrant with Oak Capital Corporation, Investment Arm for gross proceeds of ¥101,970,022 on December 25, 2013. The securities will be issued through third party allocation. The company will receive net proceeds of ¥97,500,000 through issuance of bonds after deducting issuance expenses of ¥2,500,000. The company will bear issuance costs of ¥5,340,000 in the transaction including ¥3,000,000 for impartial price calculation of the bonds with warrants and warrants, securities registration statement, and disclosure documents creation, ¥1,000,000 for legal fees, ¥1,040,000 for registration tax, and ¥300,000 for other expenses. The payment date for the transaction is January 15, 2014.


On January 15, 2014, Ohizumi Mfg. Co., Ltd. closed the transaction. The bonds are convertible at a conversion price of ¥209 per share.