Bosideng announces lowering of conversion price of 1% bonds

By Wendy Van Sickle

Columbus, Ohio, Dec. 1 – Bosideng International Holdings Ltd. announced an adjustment to the conversion price of its $275 million 1% convertible bonds due 2024.

The conversion price will be adjusted to HK$4.52 per share from HK$4.56 per share, according to Friday’s notice.

The adjustment, due to a dividend payment of HK$0.045, will become effective on Dec. 23.

As of the date of the announcement, the total outstanding principal amount of convertible bonds is $275 million. The total number of issued shares is 10,877,113,385, and the maximum number of shares that will be issued upon conversion of all the outstanding bonds at the adjusted conversion price is 476,303,650.

The down clothing company is based in Shanghai.

© 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.