Ferrotec Declines in Tokyo on Sale of Convertible Bonds to Tokio Marine

Ferrotec Corp., a Japanese semiconductor-equipment maker, fell the most in five months in Jasdaq trading after saying it will sell convertible bonds to Tokio Marine & Nichido Fire Insurance Co.

Ferrotec dropped 5 percent to 857 yen as of 9:03 a.m. on the Osaka Securities Exchange’s Jasdaq market, headed for the biggest decline since May 25.

To contact the editor responsible for this story: Kyung Bok Cho at kcho7@bloomberg.net

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.