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Published on 6/21/2018 in the Prospect News Convertibles Daily.

Guotai Junan trims conversion price on A share convertibles

By Marisa Wong

Morgantown, W.Va., June 21 – Guotai Junan Securities Co., Ltd. said it lowered the conversion price of its A share convertible corporate bonds to RMB 19.8 per share from RMB 20.2 per share.

The change is due to distribution of a cash dividend.

The new conversion price is effective June 29.

The investment bank is based in Shanghai.


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