China Hongqiao (HKG:1378) has slashed the per-share conversion price of $300 million of convertible bonds to HK$6.54 from HK$6.82 previously, effective tomorrow, a Thursday filing on the Hong Kong bourse said.
The move came about following the declaration of a HK$0.29 per share dividend by the aluminum producer for the year ended Dec. 31, 2023.
The bonds carry a rate of 5.25% per annum and will fall due in 2026.
Price (HKD): $12.84, Change: $+0.08, Percent Change: +0.63%
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