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Singapore's Ezra Holdings adjusts conversion price of 4% bonds
By Jennifer Chiou
New York, Aug. 31 - Ezra Holdings Ltd. announced an adjustment to the conversion price of its $100 million of 4% convertible bonds due 2014.
As a result of a renounceable underwritten rights issue of up to 142,750,884 new shares, the conversion price has been changed to S$2.3487 per share from the initial S$2.50 per share.
The change is effective from Sept. 15.
Ezra is a provider of offshore support for the oil and gas industry with headquarters in Singapore.
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