Suzuki Motor lowers conversion price of 0% bonds due 2021, 2023

By Sarah Lizee

Olympia, Wash., June 27 – Suzuki Motor Corp. reduced the conversion prices of its zero-coupon convertible bonds due 2021 and 2023.

The conversion price of each series was lowered to ¥4,068.2 from ¥4,093.1, effective April 1.

The adjustments were made due to a dividend of ¥74 per share that was approved at the shareholders meeting on Thursday, according to a company notice.

Suzuki is a Japanese multinational company specializing in automobiles, four-wheel drive vehicles and motorcycles.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.