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Iwatani trims conversion price on zero-coupon convertibles due 2020
By Marisa Wong
Morgantown, W.Va., June 27 – Iwatani Corp. said it lowered the conversion price for its ¥30 billion zero-coupon convertible bonds due 2020.
The new conversion price is ¥3,690.6, decreased from ¥3,700 due to an extraordinary dividend of ¥55 per share, according to a notice.
The new conversion price will take effect retroactively from the day after the March 31 record date.
The industrial gases company has offices in Tokyo and Osaka, Japan.
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