GS Yuasa hikes conversion price on convertible bonds due 2019

By Marisa Wong

Morgantown, W.Va., June 28 – GS Yuasa Corp. announced an adjustment to the conversion price for its ¥25 billion zero-coupon convertible bonds due 2019.

The conversion price will be increased to ¥4,255 from ¥851.

The change is due to a one-for-five share consolidation approved by shareholders on Thursday.

The new conversion price is effective Oct. 1, the day after the Sept. 30 record date.

GS Yuasa is a Kyoto, Japan-based company that makes lead acid automobile and motorcycle batteries.

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