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Abengoa lowers conversion price on convertibles after distribution
New York, April 23 Abengoa, SA said it lowered the conversion price for its two series of convertible notes following a distribution to shareholders approved at a meeting on March 29.
The conversion price for the companys 400 million 6.25% senior convertible notes due 2019 is reduced to 2.94 from 2.98, and the price for the 250 million 4.5% senior convertible notes due 2017 falls to 5.24 from 5.35.
Both changes are effective April 17.
The shareholder distribution of 0.113 per share was paid on April 17.
Abengoa is a Seville, Spain, company with interests in the energy, telecommunications, logistics and environmental sectors.
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