Peugeot adjusts conversion rate for Oceanes due to rights offering

By Marisa Wong

Madison, Wis., March 30 - Peugeot SA said it adjusted the conversion rate for its bonds in the Oceane structure to 1.2 Peugeot shares for each convertible.

The change follows from a rights offering, according to a company press release.

The new conversion rate became effective March 30.

Peugeot is a Paris-based automaker.

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