Japanese copier and printer maker Konica Minolta Holdings Inc said on November 21 that it would issue 70 billion yen ($593 million) worth of euroyen convertible bonds for capital expenditure and bond redemption.
Konica Minolta, which competes with Canon Inc, Ricoh Co and Xerox Corp in the office equipment market, said it would issue 30 billion yen worth due in 2009 and another 40 billion yen worth due in 2016.