Fomento de Construcciones adjusts 6.5% convertibles’ conversion price

By Toni Weeks

San Luis Obispo, Calif., Dec. 2 – Fomento de Construcciones y Contratas, SA said it adjusted the conversion price on its €450 million 6.5% unsecured convertible notes due 2020 to €22.19 as of Dec. 1.

The change was made as a result of the capital increase approved at the company’s extraordinary shareholder meeting on Nov. 20, according to a notice.

The issuer is a construction company based in Barcelona, Spain.

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