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SEB adjusts exchange ratio for redeemable bonds due November 2021
By Sarah Lizee
Olympia, Wash., June 3 – Groupe SEB said it adjusted the exchange ratio of its bonds due November 2021 redeemable in cash and/or in existing shares.
The exchange ratio of the bonds was adjusted to 1.002, effective Wednesday, according to a company notice.
The adjustment followed a dividend payment of €2.14 per share on Wednesday.
Groupe SEB is a Paris-based manufacturer of small domestic equipment.
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