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Flight Centre trims conversion prices of convertibles due 2027, 2028
By Mary-Katherine Stinson
Lexington, Ky., Sept. 20 – Flight Centre Travel Group Ltd. adjusted the conversion prices of its A$400 million 2.5% convertible notes due 2027 (ISIN: XS2250347700) and its A$400 million 1.625% convertible notes due 2028 (ISIN: XS2400443748), according to multiple news releases.
The conversion price of the 2027 notes will be lowered to A$19.7711 from A$20.04 effective Sept. 20.
The conversion price of the 2028 notes was lowered to A$26.9337 from A$27.30 effective Sept. 20.
The adjustments are a result of the March 13 issue of 4,109,183 new ordinary shares at A$14.60 per share and the fully franked dividend of A$0.18 payable to shareholders of record on Sept. 21.
Flight Centre is a Brisbane, Australia-based travel agency.
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