Singapore Exchange trims conversion price on convertibles due 2024

By Mary-Katherine Stinson

Lexington, Ky., Feb. 2 – 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 Friday.

Effective Feb. 14, the price will be adjusted to S$11.8422 from S$12.0532.

The adjustment is due to the payment of an interim dividend. The dividend is expected to be paid on Feb. 20.

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

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