E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
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
Published on 1/3/2019 in the Prospect News Convertibles Daily.

British Land cuts exchange price of 0% convertibles due to dividend

By Susanna Moon

Chicago, Jan. 3 – British Land Co. plc notified holders of a reduction in the exchange price for the £350 million of zero-coupon guaranteed convertible bonds due 2020 issued by British Land (White) 2015 Ltd.

The exchange price was adjusted to £10.0724 per share from £10.2328 per share in connection with the cash dividend of 7.75p payable on Feb. 8 to shareholders of record on Jan. 4, according to the notice.

The company’s stock (London: BLND) closed at 522.05p on Jan. 2.

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.