Keihan Holdings trims conversion price on convertibles due 2021

By Marisa Wong

Los Angeles, June 19 – Keihan Holdings Co., Ltd. gave notice that it lowered the conversion price of its ¥20 billion zero-coupon convertible bonds due 2021 to ¥5,295.5 from ¥5,301.2.

The adjustment is due to an extraordinary dividend approved by shareholders on Friday.

The new conversion price is effective retroactively from the day after the March 31 record date.

Keihan Holdings is an Osaka, Japan, holding company with businesses in transportation as well as real estate, retail distribution and leisure and service.

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