Edion cuts conversion price on ¥15 billion 0% convertibles

By Mary-Katherine Stinson

Lexington, Ky., Nov. 2 – Edion Corp. again adjusted the conversion price downward on its ¥15 billion zero-coupon convertible bonds due 2025 (ISIN: XS1238828658), according to a notice.

The new conversion price is ¥1,109.4, lower than the old conversion price of ¥1,112.5.

The record date is Sept. 30.

The conversion price is being adjusted due to the payment of an interim dividend of ¥22 per share approved by the board of directors on Nov. 2.

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

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

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