Korea's LG Display lowers conversion price on 0% bonds

By Laura Lutz

Des Moines, March 5 - LG Display Co., Ltd., which was formerly known as LG.Philips LCD Co., Ltd., announced that the conversion price of its 0% convertible bonds due April 18, 2012 was lowered to KRW 48,760 from KRW 49,070.

The adjustment was triggered by the company's payment of a cash dividend of KRW 750 per share, which was announced on Feb. 29.

The new conversion price is effective retroactively to Dec. 31, the record date for the dividend payment.

LG Display is a Seoul, South Korea-based maker of electronic display panels.

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