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Posco adjusts conversion price on zero-coupon green convertible bonds
Chicago, Nov. 10 – Posco Co. adjusted the conversion price to KRW 486,539 per share from KRW 494,450 per share on its zero-coupon green convertible bonds due 2026, according to a notice.
The company paid a dividend of KRW 5,000 per share to shareholders on Nov. 5 prompting the need for the change.
The applicable current market price per share was KRW 312,525.
The record date for receipt of the cash dividend was Sept. 30.
Posco is a Phang-si, South Korea-based steelmaker.
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