Iwatani adjusts conversion price on zero-coupon convertibles due 2020

By Marisa Wong

Morgantown, W.Va., June 28 – Iwatani Corp. said it adjusted the conversion price for its ¥30 billion zero-coupon convertible bonds due 2020.

The new conversion price is ¥3,700, adjusted from ¥740 due to a 1-for-5 reverse share split, according to a notice.

The new conversion price will take effect on Oct. 1.

The industrial gases company has offices in Tokyo and Osaka, Japan.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.