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Prospect News home > News index > List of issuers Z > Headlines for Zeus (Cayman) > News item
Published on 8/31/2010 in the Prospect News Convertibles Daily.

Zeus lowers exchange price of 0% exchangeables due 2013 to ¥2,779.55

By Devika Patel

Knoxville, Tenn., Aug. 31 - Zeus (Cayman) adjusted the exchange price on its ¥52.795 billion zero-coupon guaranteed exchangeable notes due 2013, according to a notice from adviser and trustee Daewoo Securities Co., Ltd.

The exchange price was adjusted to ¥2,779.55 from ¥2,792.2153, effective Aug. 30.

The price adjustment was due to the purchase of an additional 86,190 SK Telecom American Depositary Receipts with dividend proceeds.

Zeus is the special-purpose vehicle of Posco, a South Korea-based steel producer.


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