Osaka Soda trims conversion price of fifth, sixth series for dividend

By Susanna Moon

Chicago, May 8 – Osaka Soda Co. Ltd. said it lowered the conversion price for its fifth and sixth series unsecured convertible bond-type bonds with stock acquisition rights.

For the fifth series convertibles, the conversion price was reduced to ¥2,270.10 from ¥2,289.00. For the sixth series, the conversion price will be cut to ¥3,412.30 from ¥3,440.

The conversion prices have been adjusted for dividend distributions, effective June 10, according to a company press release.

The dividend from earned surplus was approved at a board meeting held Tuesday.

Osaka Soda is an Osaka, Japan-based chemical manufacturing company.

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