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Prospect News home > News index > List of issuers K > Headlines for Kawasaki Heavy Industries, Ltd. > News item
Published on 6/26/2008 in the Prospect News Convertibles Daily.

Kawasaki Heavy Industries decreases conversion price on zero-coupon convertibles due 2011 to ¥230.30

By Devika Patel

Knoxville, Tenn., June 26 - Kawasaki Heavy Industries Ltd. announced it lowered the conversion price of its ¥25 billion in zero-coupon convertible bonds due 2011 to ¥230.30 from ¥231.10, effective retroactively from April 1.

The change is due to an extraordinary dividend payment of ¥5.00 per share made to shareholders of record on March 31. The payment was approved at a shareholders general meeting on Wednesday.

Based in Kobe-shi, Japan, Kawasaki Heavy Industries is a manufacturer of transportation equipment and industrial goods.


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