China’s ENN Energy cuts conversion price on $500 million bonds due 2018

By Susanna Moon

Chicago, March 20 – ENN Energy Holdings Ltd. lowered the conversion price of its $500 million zero-coupon convertible bonds due 2018.

The conversion price was adjusted to HK$47.73 per share from HK$48.62 per share as a result of the final dividend of HK$0.76 per share for the year ended Dec. 31 declared by the company’s board on March 22, with a record date of June 8, according to a company announcement.

ENN Energy is a Lanfang, China-based investment holding company that invests in, operates and manages gas pipeline infrastructure and sells and distributes gas.

© 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.