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Mizuho cuts conversion price of 11th series class XI preferred shares
By Devika Patel
Knoxville, Tenn., July 21 - Mizuho Financial Group, Inc. said it lowered the conversion price of the 11th series class XI preferred shares to ¥286.2 from ¥303.5, effective July 22.
The floor price of the conversion price was also changed to ¥286.2 from ¥303.5.
The company said the adjustment was due to its issue of common stock in a public offering.
Mizuho is a bank holding company based in Tokyo.
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