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Singapore Exchange lowers conversion price on convertibles due 2024
By Mary-Katherine Stinson
Lexington, Ky., Feb. 7 – Singapore Exchange Ltd. and subsidiary SGX Treasury I Pte. Ltd. adjusted the conversion price for their €240 million 0% guaranteed convertible bonds due 2024 (ISIN: XS2295233501), according to a SGX release Monday.
Effective Feb. 15, the price will be adjusted to $12.6879 from $12.9025.
Preparation of dividend warrants precipitated the adjustment.
Singapore Exchange is a Singapore-based securities and regional derivatives exchange.
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