TOKYO, May 20 (Pulse News Wire) – Kobe Steel,ltd. (5406.T) adjusted the conversion prices for its Euro-yen convertible bonds due in 2028 and 2030.
The adjustments took effect on April 01, 2026, following approval of a final dividend payment of ¥40 per share at a board meeting held. For the 2028 bond issue, the conversion price was adjusted from ¥2,212 to ¥2,173.
Similarly, the conversion price for the 2030 bond issue was revised from ¥2,116 to ¥2,079. These changes align with the adjustment clauses outlined in the bond terms.
The adjustments reflect the approved dividend distribution and ensure compliance with the stipulated conditions of the convertible bonds.
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