Taiwan’s Century Iron lowers conversion price of convertible bonds

By Mary-Katherine Stinson

Lexington, Ky., Sept. 1 – Century Iron and Steel Industrial Co., Ltd. announced an adjustment to the conversion price of its fourth domestic unsecured convertible bonds, according to a notice.

The conversion price will be adjusted to NT$84.60 from NT$87.60 effective from the ex-dividend date of Sept. 26.

The adjustment was due to a cash dividend distribution.

Century Iron is a Taoyuan, Taiwan-based company principally engaged in the processing, manufacture, installation and distribution of steel structures and architectural components.

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