Kaisa Group decreases conversion price of 10.5% convertibles due 2021

By Rebecca Melvin

Concord, N.H., April 9 – Kaisa Group Holdings Ltd. announced an adjustment to the conversion price of its $100 million 10.5% convertible bonds due 2021, according to a company announcement.

The conversion price was decreased to HK$4.47 per share from HK$4.63 per share.

The adjustment coincided with a rights issue and took effect on March 26.

Kaisa Group is a Shenzhen, China-based property development company.

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