Advantest trims conversion price of 0% convertibles due 2019

By Marisa Wong

Morgantown, W.Va., Oct. 30 – Advantest Corp. gave notice that it adjusted the conversion price for its zero-coupon convertible bonds due 2019.

The conversion price was lowered to ¥1,604.1 from ¥1,626.2, effective retroactively to Oct. 1.

The company said the adjustment is due to an interim dividend of ¥50 per share for the six months ended Sept. 30 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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