Kyushu Electric trims conversion price of 0% bonds due 2020

New York, June 26 – Kyushu Electric Power Co. Inc. reduced the conversion price of its zero-coupon convertible bonds due 2020.

The conversion price for the 2020 bonds will be adjusted to the floor conversion price of ¥1,256 from ¥1,394.6, effective July 9.

The conversion price is being reset due to the closing price of the shares for the 30 consecutive days up to and including June 28 being at least one yen less than the conversion price in effect.

The Japanese energy company provides residential, commercial and industrial power.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.