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Prospect News home > News index > List of issuers F > Headlines for First Gen Corp. > News item
Published on 12/16/2009 in the Prospect News Convertibles Daily.

First Gen to lower conversion price of 2.5% convertibles due 2013

By Devika Patel

Knoxville, Tenn., Dec. 16 - First Gen Corp. said the conversion price of its $225 million of 2.5% convertible bonds due 2013 will be adjusted to PHP 26.94 per share from PHP 42.48 per share, effective Dec. 22.

The change is due to a planned rights offering.

First Gen is a Pasig, Philippines-based power generation company.


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