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Derwent London lowers exchange price of 1.125% convertible bonds
By Angela McDaniels
Tacoma, Wash., May 2 – Derwent London plc adjusted the exchange price of the £150 million 1.125% guaranteed convertible bonds due 2019 issued by Derwent London Capital No. 2 (Jersey) Ltd., according to a company news release.
The exchange price was adjusted to £31.4314 per ordinary share from £31.7764 on Thursday.
The adjustment is a result of Derwent London’s final dividend of 46.75p per ordinary share, which will be payable on June 7 to holders of record as of May 3.
Derwent London is a London-based real estate investment trust.
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