E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
Add to balance / Manage account  User:  Log out
Prospect News home > News index > List of issuers S > Headlines for SK Telecom Co., Ltd. > News item
Published on 7/6/2010 in the Prospect News Convertibles Daily.

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.


© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.