New Hope trims conversion price for A$200 million 2.75% convertibles

By Mary-Katherine Stinson

Lexington, Ky., April 18 – New Hope Corp. Ltd. adjusted the conversion price downward for its A$200 million 2.75% senior convertible notes due 2026 (ISIN: XS2359545592), according to a notice.

The conversion price is adjusted to A$1.6022 from A$1.7203 effective April 19.

The adjustment was the result of the fully franked dividend of A$0.40 payable to shareholders on April 18.

New Hope is an Australia-based diversified energy company.

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