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Prospect News home > News index > List of issuers S > Headlines for Sumitomo Light Metal Industries, Ltd. > News item
Published on 5/30/2008 in the Prospect News Convertibles Daily.

Sumitomo lowers conversion price on zero-coupon convertibles due 2011 to ¥338

By Devika Patel

Knoxville, Tenn., May 30 - Sumitomo Light Metal Industries, Ltd. said it has adjusted the conversion price on its ¥15 billion of 0% convertible bonds due 2011 to ¥338 from ¥422, effective June 13.

Sumitomo is a Tokyo-based aluminum sheets manufacturing company.


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