Advantest trims conversion price of zero-coupon convertibles due 2019

By Marisa Wong

Morgantown, W.Va., May 22 – Advantest Corp. gave notice that it adjusted the conversion price for its zero-coupon convertible bonds due 2019.

The conversion price was lowered to ¥1,626.2 from ¥1,638.9, effective retroactively to April 1.

The company said the adjustment is due to a dividend payment of ¥32 per share approved by its board of directors on Tuesday.

Advantest is a Tokyo-based manufacturer of automatic test equipment for the semiconductor industry.

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