Kansai Paint trims conversion price of ¥60 billion 0% bonds due 2022

By Sarah Lizee

Olympia, Wash., June 27 – Kansai Paint Co., Ltd. adjusted the conversion price of its ¥60 billion zero-coupon convertible bonds due 2022 to ¥3,198, effective April 1.

The conversion price was lowered from ¥3,210.9 after the payment of a dividend of ¥30 per share, which was approved at a shareholder meeting on Thursday, according to a notice.

The record date is March 31.

Kansai is an Osaka-based chemical company.

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