Suzuki 2001 Annual Report Download - page 28

Download and view the complete annual report

Please find page 28 of the 2001 Suzuki annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 41

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41

The 2.1 percent convertible bonds outstanding as of March 31, 2001 may be redeemed at the option of
the Company, in whole or in part, at prices ranging from 101 percent to 100 percent of the principal
amount under certain conditions as provided in the applicable agreement.
The 2.1 percent convertible bonds are convertible into common stock at the options of holders at the
conversion price of ¥605.1 per share, after giving effect to the new shares issued to General Motors of
Canada Limited on January 18, 2001. If the outstanding convertible bonds were fully converted as of
March 31, 2001, approximately 2,581,000 additional shares of common stock would be issued.
As is customary in Japan, both short-term and long-term bank loans are subject to general agreements
which provide that the banks may, under certain circumstances, request additional security for those loans,
and may treat any security furnished to the banks, as well as cash deposited with them, as security for all
present and future indebtedness.
28 ●SUZUKI MOTOR CORPORATION
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
*ANNUAL REPORT2001/14のコピー 2