Nippn trims conversion price of ¥25 billion 0% bonds due 2025

By Mary-Katherine Stinson

Lexington, Ky., June 29 – Nippn Corp. adjusted the conversion price of its ¥25 billion of zero-coupon convertible bonds due 2025 (ISIN: XS1837042909), according to a notice.

The conversion price was lowered to ¥2,253.6 from ¥2,268.2 as a result of a dividend payment of ¥40 per share that was approved by shareholders at a general meeting on Wednesday.

The new conversion price is effective retroactively from the day after the March 31 record date.

Formerly known as Nippon Flour Mills Co., Ltd., Nippn is a Tokyo-based company that produces and sells flour.

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