Pacific Basin Adjusts Bond Conversion Price
Company Announcements

Pacific Basin Adjusts Bond Conversion Price

Pacific Basin Shipping (HK:2343) has released an update.

Pacific Basin Shipping has announced an adjustment to the conversion price of its US$175 million 3% Guaranteed Convertible Bonds due 2025 from HK$1.42 to HK$1.39 per share, effective 21 August 2024. This change is due to the interim dividend of HK4.1 cents per share for the first half of 2024, with the adjusted conversion terms set to be in place on the ex-dividend date. All other terms of the bonds remain unchanged, and the conversion will be conducted under the specific mandate from shareholders granted in 2019.

For further insights into HK:2343 stock, check out TipRanks’ Stock Analysis page.

Related Articles
TipRanks HongKong Auto-Generated NewsdeskPacific Basin Shipping: Strong Q3 Performance and Future Optimism
TipRanks HongKong Auto-Generated NewsdeskPacific Basin Adjusts Bond Conversion Terms
TipRanks HongKong Auto-Generated NewsdeskPacific Basin Shipping Announces Bond Conversion Adjustments
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App