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Prospect News home > News index > List of issuers S > Headlines for Steinhoff International Holdings Ltd. > News item
Published on 12/1/2009 in the Prospect News Convertibles Daily.

Steinhoff cuts conversion price on 9.625% convertibles due 2015

By Marisa Wong

Milwaukee, Dec. 1 - Steinhoff International Holdings Ltd. said the conversion price on its ZAR 10,000 9.625% convertible bonds due 2015 was adjusted as a result of a capitalization share award declared by the company.

The new conversion price is ZAR 24.23, down from ZAR 24.77, effective Nov. 30.

Steinhoff is a South African diversified industrial company.


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