Taiwan Acceptance to lower conversion price on 2012 convertible bonds

By Marisa Wong

Morgantown, W.Va., July 12 – Taiwan Acceptance Corp. will lower the conversion price of its 2012 first issue convertible bonds to NT$55.48 per share from NT$59.21 per share, according to a notice.

The new conversion price will take effect on Aug. 2.

The adjustment is due to the distribution of a cash dividend.

Taiwan Acceptance provides vehicle-related financial services and is based in Taipei, Taiwan.

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