Century Iron trims conversion prices of two convertible bonds

By Mary-Katherine Stinson

Lexington, Ky., Aug. 16 – Century Iron and Steel Industrial Co., Ltd. announced an adjustment to the conversion price of its fifth and sixth domestic unsecured convertible bonds, according to two separate notices.

The conversion price of the company’s fifth convertible bond will be adjusted to NT$146 from NT$146.5 effective from the ex-dividend date of Sept. 6.

The conversion price of the sixth convertible bond will be adjusted to NT$140.5 from NT$141 effective from the ex-dividend date of Sept. 6.

The adjustments were due to cash dividend distributions.

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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