Suzuki Motor lowers conversion price of 0% bonds due 2021, 2023

By Marisa Wong

Los Angeles, June 26 – Suzuki Motor Corp. reduced the conversion prices of its zero-coupon convertible bonds due 2021 and 2023.

The conversion price of each series was adjusted to ¥4,001.7 from ¥4,040.3, effective as of April 1.

The change is due to a dividend payment of ¥85 per share approved at a shareholders’ meeting on Friday, according to a company notice.

Suzuki is a Japanese multinational company specializing in automobiles, four-wheel drive vehicles and motorcycles.

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