Japan’s SBI pares conversion prices on 0% notes due 2020, 2022

By Susanna Moon

Chicago, April 26 – SBI Holdings, Inc. said it lowered the conversion price of its ¥20 billion zero-coupon convertible bonds due 2020 and its ¥30 billion zero-coupon convertible bonds due 2022 after approving a dividend payout.

For the convertibles due 2020, the conversion price was reduced to ¥1,720.40 from ¥1,745.00. For the convertibles due 2022, the conversion price was adjusted to ¥1,705.60 from ¥1,730.00.

The adjustment was due to the dividend of ¥85 per share approved by the company’s board of directors on Thursday, according to a company notice.

The record date is March 31.

SBI is a financial services company based in Tokyo.

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