Far East Horizon adjusts conversion price for 2.5% bonds

By Sarah Lizee

Olympia, Wash., July 21 – Far East Horizon Ltd. announced an adjustment to the conversion price of its $300 million 2.5% convertible bonds due 2025 guaranteed by Universe Trek Ltd.

As a result of the declaration and payment of the dividend by the company, the conversion price will be adjusted to HK$7.92 from HK$8.33.

The adjustment will take effect from July 31.

Other terms of the convertibles are unchanged, the company noted.

The financial services provider is based in Hong Kong.

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