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Sure First trims exchange price of $150 million 2% bonds due 2025
By William Gullotti
Buffalo, N.Y., Nov. 24 – Sure First Ltd. announced an adjustment to the exchange price of the $150 million 2% guaranteed exchangeable bonds due 2025 that are exchangeable into H shares of Shandong Weigao Group Medical Polymer Co. Ltd., according to a notice on Wednesday.
The company adjusted the exchange price of the bonds to HK$11.15 per H share from HK$11.30 per H share.
The adjustment, effective Oct. 6, is due to an interim dividend payment paid by Shandong Weigao.
The industrial machinery company is based in Taichung City, Taiwan.
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