Bosideng further adjusts conversion price of 1% bonds

By Taylor Fox

New York, Dec. 3 – Bosideng International Holdings Ltd. announced an adjustment to the conversion price of its US$275 million 1% convertible bonds due 2024, according to a company announcement.

The conversion price will be adjusted to HK$4.67 per share from HK$4.73 per share.

The adjustment, which is due to the effect of an interim dividend, will become effective on Dec. 18.

The total number of the issued shares is 10,779,768,385.

Based on the total outstanding principal amount of the bonds of US$275 million, the maximum number of shares that will be issued upon conversion of all the outstanding bonds at the adjusted conversion price are 461,004,817 shares, or 4.28% of the issued share capital of the company and 4.1% of the issued share capital of the company as enlarged by the issue.

The down clothing company is based in Shanghai.

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