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Singapore's Swiber cuts conversion price of 5% bonds due 2014
By Marisa Wong
Madison, Wis., April 1 - Swiber Holdings Ltd. said it lowered the conversion price of its $100 million 5% convertible bonds due 2014 to S$0.82 from S$0.84.
The adjustment, resulting from a dividend payment, is effective retroactively to Dec. 29.
Swiber is a Singapore-based offshore oil and gas company with its own compliment of marine support assets.
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