Singapore Exchange lowers conversion price on convertibles due 2024

By William Gullotti

Buffalo, N.Y., Sept. 28 – Singapore Exchange Ltd. and subsidiary SGX Treasury I Pte. Ltd. adjusted the conversion price for their €240 million 0% guaranteed convertible bonds due 2024, according to notices on Thursday.

Effective Oct. 16, the price will be adjusted to S$12.0532 from S$12.2640.

The adjustment is due to a proposed final dividend of S$0.085 per share for the financial year ended June 30, which remains subject to shareholder approval at the annual general meeting on Oct. 5. The dividend is expected to be paid Oct. 20.

Singapore Exchange is a Singapore-based securities and regional derivatives exchange.

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