Japan Airport Terminal cuts conversion price on convertibles due 2020

By Marisa Wong

Madison, Wis., June 25 – Japan Airport Terminal Co., Ltd. lowered the conversion price on its ¥15 billion zero-coupon convertible bonds due 2020, according to a notice.

The conversion price was lowered to ¥8,110.6 from ¥8,115.0 effective retroactively from April 1, the day after the record date of March 31.

The adjustment is due to an extraordinary dividend of ¥21 per share.

The airport manager is based in Tokyo.

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