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Oita Bank cuts conversion price on zero-coupon convertibles due 2019
By Marisa Wong
Madison, Wis., June 24 – Oita Bank, Ltd. lowered the conversion price on its $100 million zero-coupon convertible bonds due 2019, according to a notice.
The conversion price was lowered to $4.17 from $4.18, effective retroactively from April 1.
The adjustment is due to a year-end dividend.
The bank is based in Oita, Japan.
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