Suntec lowers conversion price of 3.25% convertible bonds to S$1.723

By Melissa Kory

Cleveland, Dec. 3 - Suntec Real Estate Investment Trust announced that it lowered the conversion price of its S$270 million of 3.25% convertible bonds due 2013 to S$1.723 per conversion unit from S$1.741 per unit, effective Dec. 9.

The adjustment is due to the issuance of an additional 313 million units of Suntec on Nov. 29 at S$1.37 per unit.

HSBC Institutional Trust Services (Singapore) Ltd. is trustee.

Singapore-based Suntec owns retail and commercial real estate in the central business district of Singapore.

© 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.