Ezaki Glico trims conversion price of 0% convertibles due 2024

By Mary-Katherine Stinson

Lexington, Ky., Jan. 18 – Ezaki Glico Co., Ltd. again lowered the conversion price for its ¥30 billion issue of zero-coupon convertible bonds due 2024 (ISIN: XS1545748326), according to a company announcement.

The conversion price was lowered to ¥7,889.1 from ¥7,891.2 effective retroactively from June 30.

The change is due to payment of a dividend of ¥40 per share approved by the company’s board of directors on Aug. 4.

Ezaki Glico is an Osaka, Japan, maker of confectionary, frozen dessert, dairy products and other processed food products.

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