Petrominerales adjusts conversion prices of 2.625%, 3.25% convertibles

By Tali David

Minneapolis, March 21 - Petrominerales Ltd. is adjusting the conversion prices of its 2.625% senior unsecured convertible bonds due 2016 and its 3.25% senior unsecured convertible bonds due 2017, according to notices from trustee Norsk Tillitsmann ASA.

The new conversion prices are $31.4636 for the 2.625% convertibles and $16.8976 for the 3.25% convertibles. The new prices will become effective April 1.

The adjustments are being made due to quarterly dividend payments made on the company's shares.

Petrominerales is an oil and gas company based in Bogota, Colombia.

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