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Zeus II (Cayman) lowers exchange price of 0% exchangeables due 2016
By Marisa Wong
Madison, Wis., Aug. 28 – Zeus II (Cayman) adjusted the exchange price of its zero-coupon guaranteed exchangeable notes due 2016 to ¥1,469.5635, according to a notice.
In May, the exchange price was lowered to ¥1,472.7094 from ¥1,517.4273, as previously reported.
The new exchange price became effective Aug. 25.
The adjustment resulted from the issuer receiving interim dividends from SK Telecom Co., Ltd. on Aug. 13. SK Telecom set the record date for the interim dividends at June 30.
Zeus II is a special-purpose vehicle of Posco, a steel producer based in Seoul, South Korea.
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