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BW Group adjusts exchange price on $250 million senior bonds due 2019
New York, May 24 – BW Group Ltd. adjusted the exchange price on its up to $250 million senior secured exchangeable bonds due 2019, according to a notice from trustee Nordic Trustee ASA.
The adjustment is a result of BW LPG’s announcement of a $0.68 cash dividend per share. The bonds exchange into BW LPG stock.
The new exchange price is $11.4090 and is effective on May 20, the first date that the shares of BW LPG traded ex-dividend.
BW is a Singapore-based maritime group. Its subsidiaries operate in the tanker, gas and offshore sectors.
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