Nyrstar lowers conversion price for its 4.25% and 5% convertibles

By Wendy Van Sickle

Columbus, Ohio, Nov. 17 – Nyrstar Netherlands (Holdings) BV lowered the conversion price of its 4.25% convertible bonds due 2018 and its 5% convertible bonds due 2022.

For the 4.25% convertibles, the conversion price was lowered to €21.28 from €21.63.

For the 5% convertibles, the conversion price was lowered to €9.60 from €9.44.

The adjustments are a result of Nyrstar’s issuance of 15,384,616 new shares at a price of €6.50 per share, which was completed on Friday, according to a press release.

The adjustments are effective Friday.

Nyrstar Netherlands is a subsidiary of Nyrstar NV, a Zurich, Switzerland-based metals company.

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