Bunka Shutter cuts conversion price on euro-yen convertibles due 2023

By Mary-Katherine Stinson

Lexington, Ky., Nov. 8 – Bunka Shutter Co., Ltd. adjusted downward the conversion price on its euro-yen convertible-bond-type bonds with share acquisition rights due 2023, according to a notice.

The new conversion price is ¥984.5, lower than the old conversion price of ¥986.4.

The adjustment is effective from Oct. 1.

The conversion price is being adjusted due to the board of directors’ decision at a Nov. 8 meeting to pay dividends from surplus as the interim dividend of ¥21 per share.

Tokyo-based Bunka Shutter manufactures and sells various shutters, house construction and building construction materials.

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