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CapitaCommercial adjusts conversion price of 2.5% and 2.7% bonds
By Jennifer Chiou
New York, Jan. 22 - CapitaCommercial Trust announced the adjustment of the conversion prices of its S$175 million of 2.5% convertible bonds due 2017 and S$225 million of 2.7% convertible bonds due 2015 following the news of an estimated distribution of S$0.0408 per unit.
The distribution applies to the period from July 1, 2012 to Dec. 31.
Using the estimated distribution, the conversion price for the 2.5% bonds will go to S$1.6394 from S$1.6851, while the conversion price for the 2.7% bonds will be adjusted to S$1.2324 from S$1.2668.
The change will be effective on Feb. 28.
CapitaCommercial is a Singapore-based real estate investment trust focusing on Singapore commercial buildings.
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