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Prospect News home > News index > List of issuers S > Headlines for Steinhoff International Holdings Ltd. > News item
Published on 11/30/2010 in the Prospect News Convertibles Daily.

Steinhoff adjusts conversion price on 9.625% convertibles due 2015

By Angela McDaniels

Tacoma, Wash., Nov. 30 - Steinhoff International Holdings Ltd. adjusted the conversion price for its ZAR 1.6 billion of 9.625% convertible bonds due 2015 to ZAR 23.85 from ZAR 24.23, according to a notice from the company.

The change became effective on Monday.

The conversion price was adjusted as a result of a capitalization share award declared by the company.

Steinhoff is a diversified industrial company based in Bramley, South Africa.


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