Japan Airport Terminal lowers conversion price of 0% bonds due 2022

By Taylor Fox

New York, March 30 – Japan Airport Terminal Co., Ltd. reduced the conversion price of its ¥15 billion zero-coupon convertible bonds due 2022 (ISIN: XS1189299776), according to a notice.

The conversion price was adjusted to ¥7,646.8 from ¥7,663, effective March 31.

The adjustment is due to the consideration per share of ¥4,966.0 on the issue by the company of 1,161,000 shares by way of third-party allotment being less than the current market price per share.

The issue and the transfer of the shares was resolved at a meeting of the company’s board of directors on Feb. 17.

The airport manager is based in Tokyo.

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