| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers P > Headlines for Posco Holdings Inc. > News item |
Posco lowers conversion price on 0% green convertible bonds
By Mary-Katherine Stinson
Lexington, Ky., March 27 – Posco Holdings Inc. adjusted the conversion price of its €1,065,900,000 zero coupon green convertible bonds due 2026 (ISIN: XS2376482423) to KRW 446,504 per share from KRW 449,066 per share, according to a notice.
The company will pay a dividend of KRW 2,500 per share to shareholders on or about April 19, prompting the need for the change.
The applicable current market price as of Jan. 31 was KRW 438,125 per share.
The record date for receipt of the cash dividend was Feb. 29.
The payment of the cash dividend was approved by Posco’s board of directors on Jan. 31 and by the shareholders in a March 21 meeting.
Posco is a Phang-si, South Korea-based steelmaker.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.