Advantest lowers conversion price for 0% convertibles due 2019

By Wendy Van Sickle

Columbus, Ohio, May 25 – Advantest Corp. lowered the conversion price of its 0% convertible bonds due 2019 to ¥1,647.1 from ¥1,655, according to a notice.

The adjustment is due to the distribution of an extraordinary dividend of ¥20 per share for the fiscal year ended March 31. The dividend payment was approved on Wednesday.

The manufacturer of automatic test equipment for the semiconductor industry is based in Tokyo.

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