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Prospect News home > News index > List of issuers K > Headlines for Kawasaki KK Ltd. > News item
Published on 7/18/2012 in the Prospect News Convertibles Daily.

Kawasaki Kisen adjusts conversion price on zero-coupon convertibles

By Tali David

Minneapolis, July 18 - Kawasaki Kisen Kaisha Ltd. will adjust the conversion price on its zero-coupon convertible bonds due 2013 to ¥832.4 from ¥851.0 on July 19, according to a filing with the London Stock Exchange.

The conversion is due to the consideration receivable on the company's issue of 174 million shares being less than the current market price per share on the date on which Kawasaki fixed the consideration.

Kawasaki Kisen Kaisha is a transportation company in Japan.


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