Suzuki cuts conversion price on zero-coupon bonds due to dividend

Chicago, June 29 – Suzuki Motor Corp. reduced the conversion price on its zero-coupon convertible bonds due 2023, according to an announcement.

The new conversion price is ¥3,915.5 from ¥3,954.4.

The change is due to an extraordinary dividend payment of ¥91 per share approved at a shareholders’ meeting on June 29.

The retroactive effective date is April 1.

Suzuki is a Japanese multinational company specializing in automobiles, four-wheel drive vehicles and motorcycles.

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