Marfin Investment cuts conversion price of convertible bond loan

By Devika Patel

Knoxville, Tenn., Sept. 14 - Marfin Investment Group Holdings SA said it adjusted the conversion price and conversion ratio of its convertible bond loan.

The adjustment is due to a €76.01 million reduction of the company's share capital as well as €5.51 million in increases in its share capital.

The new conversion ratio is 2.7941473874, increased from 2.5270184361, and the new conversion price is 1.7071397241, decreased from 1.8876.

Marfin is an investment holding company based in Nea Erythrea, Greece.

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