Voestalpine adjusts conversion price on 2.75% convertible bonds

Chicago, July 17 – Voestalpine AG is adjusting the conversion price on its 2.75% convertible bonds due 2028 (ISIN: AT0000937503), according to a notice.

As of July 13, the new conversion price will be €40.4874, from €40.8915.

The reduction is a result of a cash dividend of €1.50 per share.

Following the adjustment of the conversion price, the reference dividend will be adjusted from to €1.1881 from €1.20.

Based in Linz, Austria, Voestalpine makes steel for the automobile, building, railway and household appliances industries.

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