Screen Holdings cuts conversion price for 0% bonds due 2022, 2025

By William Gullotti

Buffalo, N.Y., June 24 – Screen Holdings Co., Ltd. lowered the conversion price of its zero-coupon convertible bonds due 2022 and 2025, according to an announcement on Friday.

The company adjusted the conversion price of the 2022 bonds to ¥11,434.8 from ¥11,578.

The conversion price of the 2025 bonds was also lowered, to ¥12,184.4 from ¥12,337.

The adjustments, which are effective as of April 1, resulted from a dividend payment of ¥293 per share as approved at the general meeting of shareholders on June 24.

Screen is a Kyoto-based semiconductor and electronics company.

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