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Daewoo International cuts conversion price of 3.25% convertibles
By Marisa Wong
Madison, Wis., April 3 - Daewoo International Corp. said it lowered the conversion price of its $300 million 3.25% convertible bonds due 2014 to KRW 28,637 from KRW 28,800.
The price adjustment is due to a cash dividend payment.
Based in Seoul, South Korea, Daewoo is a trading and energy company.
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