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Zeus (Cayman) cuts exchange price on 0% exchangeable notes due 2013
By Marisa Wong
Madison, Wis., July 6 - Zeus (Cayman) adjusted the exchange price on its ¥52,795,000,000 zero-coupon guaranteed exchangeable notes due 2013, according to a notice from adviser Daewoo Securities Co., Ltd.
The exchange price was adjusted to ¥2,792.2153 from ¥2,889.0020, effective May 4.
The price adjustment was due to the purchase of an additional 533,458 SK Telecom American Depositary Receipts with dividend proceeds.
Citibank, NA is the trustee for the notes.
Zeus is the special-purpose vehicle of Posco, a South Korea-based steel producer.
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