Rohm cuts conversion price for zero-coupon bonds due 2024

By William Gullotti

Buffalo, N.Y., June 24 – Rohm Co., Ltd. adjusted the conversion price for its ¥40 billion zero-coupon convertible bonds due 2024 (ISIN: XS2080209435), according to a notice on Friday.

The conversion price was lowered to ¥13,541.5 from ¥13,593, retroactively effective on March 31.

The adjustment resulted from a ¥185 per share dividend approved by shareholders at the company’s June 24 general meeting.

Rohm is a Kyoto, Japan-based electronic parts manufacturer.

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