Edion again lowers conversion price on ¥15 billion 0% convertibles

Chicago, Nov. 10 – Edion Corp. again adjusted the conversion price on its ¥15 billion zero-coupon convertible bonds due 2025 downward, according to a notice.

The new conversion price is ¥1,157.6, lower than the old conversion price of ¥1,161.2.

The record date is Sept. 30.

The conversion price is being adjusted due to the payment of an extraordinary dividend of ¥22 per share.

The conversion price is in effect retroactively from the record date.

Edion is an Osaka, Japan-based consumer electronics retailer.

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