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Suzuki Motor cuts conversion price of zero-coupon bonds due 2021, 2023
By Susanna Moon
Chicago, June 29 – Suzuki Motor Corp. lowered the conversion prices of its zero-coupon convertible bonds due 2021 and 2023.
The conversion price of each series was reduced to ¥4,116.30 from ¥4,120.00, effective April 1.
The adjustments were made due to a dividend of ¥44 per share that was approved at the shareholders meeting held Thursday, according to a company notice.
Suzuki is a Japanese multinational company specializing in automobiles, four-wheel drive vehicles and motorcycles.
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