Golden Agri-Resources to adjust conversion price of 2.5% convertibles

By Marisa Wong

Madison, Wis., Feb. 27 – Golden Agri-Resources Ltd. said it plans to adjust the conversion price of its $400 million 2.5% convertible bonds due 2017 to S$0.86 per share, effective May 8.

The anticipated adjustment is due to a final dividend payment subject to shareholders’ approval at an upcoming meeting.

Golden Agri-Resources is a Singapore-based palm oil plantation company.

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