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Singapore Exchange lowers conversion price on convertibles due 2024
By William Gullotti
Buffalo, N.Y., Sept. 29 – Singapore Exchange Ltd. and subsidiary SGX Treasury I Pte. Ltd. adjusted the conversion price for their €240 million 0% guaranteed convertible bonds due 2024, according to a SGX news release on Thursday.
Effective Oct. 15, the price will be adjusted to $12.4833 from $12.6879.
Preparation of dividend warrants, pending approval of a final dividend of $0.08 per ordinary share, precipitated the adjustment.
Singapore Exchange is a Singapore-based securities and regional derivatives exchange.
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