Ezaki Glico lowers conversion price of 0% convertibles due 2024

By Rebecca Melvin

New York, May 13 – Ezaki Glico Co., Ltd. reduced the conversion price for its ¥30 billion issue of zero-coupon convertible bonds due 2024.

The change is a result of the payment of a dividend of ¥60 per share approved by the board of directors on May 13, according to a notice.

The conversion price is now ¥8,033.0, down from ¥8,062.2, effective retroactively to the March 31 record date.

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

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