Resonac to sell ¥100 billion 0% convertible notes due 2028 at 102.5

By Abigail W. Adams

Portland, Me., April 23 – Resonac Holdings Corp. plans to price ¥100 billion 0% convertible notes due Dec. 29, 2028 on Wednesday with an offer price of 102.5, according to a company news release.

Nomura International plc and Mizuho International plc are bookrunners for the Regulation S offering.

The bonds will be redeemable at par.

Proceeds will be used as capital investments for semiconductor materials and for the repayment of long-term borrowings.

Resonac is a Tokyo-based chemical and industrial materials company.

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