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Prospect News home > News index > List of issuers S > Headlines for SK Telecom Co., Ltd. > News item
Published on 3/22/2013 in the Prospect News Convertibles Daily.

SK Telecom cuts conversion price on 1.75% convertible notes due 2014

By Marisa Wong

Madison, Wis., March 22 - SK Telecom Co., Ltd. said it lowered the conversion price on its $332,528,000 1.75% convertible notes due 2014 to KRW 190,006 from KRW 197,760.

The new conversion price became effective retroactively to immediately after the Dec. 31 record date.

The adjustment was the result of a cash dividend.

The conversion price was previously lowered from KRW 199,280 in July 2012.

The notes were issued on April 7, 2009.

Seoul, Korea-based SK Telecom is a mobile phone operator.


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