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Kansai Paint cuts conversion price of ¥40 billion 0% bonds due 2019
By Susanna Moon
Chicago, June 28 – Kansai Paint Co., Ltd. adjusted the conversion price of its ¥40 billion zero-coupon convertible bonds due 2019 to ¥2,658, effective April 1.
The conversion price was lowered from ¥2,663 after the payment of a dividend of ¥27 per share, which was approved at a shareholder meeting on Thursday, according to a notice.
The record date is March 31.
Kansai is an Osaka-based chemical company.
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