Nagoya Railroad (TYO:9048) lowered conversion prices for its euro-yen zero-coupon convertible bonds due 2033 and 2034, according to a Tokyo bourse filing on Thursday.
The 2033 bond's conversion price was revised to 2,005.7 yen from 2,051.7 yen, while the 2034 bond's conversion price was cut to 1,967.5 yen from 2,012.6, effective April 1.
The revision follows a shareholder approval of 40 yen per share year-end dividend at the June 25 annual general meeting.
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