| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers B > Headlines for British Land Co. plc > News item |
British Land cuts conversion price on £350 million 0% bonds due 2020
By Susanna Moon
Chicago, Jan. 5 – British Land Co. plc said the conversion price was adjusted on the £350 million zero-coupon guaranteed convertible bonds due 2020 issued by British Land (White) 2015 Ltd.
The exchange price of the bonds will be lowered to £10.6379 per share from £10.7704 per share, and the threshold amount will be trimmed to 3.418p per share from 3.46p per share, effective Jan. 5, according to a company notice.
The adjustment was due to the cash dividend of 7.3p payable on Feb. 10 to shareholders of record on Jan. 6, the release noted.
British Land is a London-based real estate company.
© 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.