Suzuki lowers conversion price on bonds due to extraordinary dividend

Chicago, Nov. 12 – Suzuki Motor Corp. lowered the conversion price of its 0% convertible bonds due 2023, according to a notice.

The conversion price was adjusted to ¥3,954.40 from ¥3,960, effective as of Oct. 1.

The change is due to an extraordinary dividend payment of ¥45 per share approved at a shareholders’ meeting.

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

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