Abengoa trims conversion price of €250 million 4.5% notes due 2017

By Susanna Moon

Chicago, April 28 – Abengoa, SA lowered the conversion price of its €250 million 4.5% senior unsecured convertible notes due 2017, according to a 6-K filing with the Securities and Exchange Commission.

The conversion price has been adjusted to €5.24 per share from €5.35 per share, effective April 17.

The adjustment was a result of the dividend payment of €0.113 per share, which was set during the general shareholders meeting on March 29 and distributed to shareholders on April 17.

The convertibles were issued on Feb. 3, 2010.

Abengoa is a Seville, Spain, company with interests in the energy, telecommunications, logistics and environmental sectors.

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