Konami trims conversion price of ¥10 billion 0% bonds due 2022

By Sarah Lizee

Olympia, Wash., May 21 – Konami Holdings Corp. said it reduced the conversion price of its ¥10 billion zero-coupon convertible bonds due 2022.

The conversion price was lowered to ¥4,349.50 from ¥4,375.10.

The adjustment is due to an annual dividend of ¥45 per share, which was approved at a board meeting on May 21, retroactively from the day after the record date of March 31, according to a company notice.

Tokyo-based Konami is an entertainment company involved in video games, gaming machines and health clubs.

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