Taiwan’s Airmate cuts conversion prices on two convertible bonds

By William Gullotti

Buffalo, N.Y., Aug. 31 – Airmate (Cayman) International Co. Ltd. announced it lowered the conversion price of its third guaranteed and fourth unsecured conversion corporate bonds, according to a notice Tuesday.

The conversion price of the third guaranteed conversion corporate bond, Airmate III KY (16263), will be adjusted to NT$28.30 from NT$30.20.

The conversion price of the fourth unsecured conversion corporate bond, Airmate 4KY (16264), will be adjusted to NT$25.30 from NT$27.00.

Both changes, effective Sept. 21, are due to ex-dividend activity.

The Taiwan-based company is engaged in the research, development, production and sales of small household appliances.

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