CRRC lowers conversion price on zero-coupon convertibles due 2021

By Marisa Wong

Morgantown, W.Va., June 29 – CRRC Corp. Ltd. said it will lower the conversion price of its $600 million zero-coupon convertible bonds due 2021 to HK$9.29 per share from HK$9.50 per share.

The new conversion price will take effect on June 30.

The adjustment is due to a final dividend payment.

The rolling stock manufacturer is based in Beijing.

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