SGX adjusts conversion price of €240m convertible bonds

The adjusted conversion price will be $12.0532.

The Singapore Exchange (SGX) will adjust the conversion price of its €240m zero coupon guaranteed convertible bonds due 2024 from $12.2640 to $12.0532, taking into account its dividend for FY23.

In a bourse filing, SGX's payment of its proposed final dividend of $0.085 per ordinary share for FY23 will result in an adjustment to the conversion price of its convertible bonds.

SGX adjusted the conversion price based on the formula set out in Condition 6(C)(3) (Distributions) of the terms and conditions of the convertible bonds.

The proposed final dividend is still subject to approval of SGX shareholders at their 24th Annual General Meeting of SGX on 5 October.

Follow the link for more news on

SGX

The people you want to reach are already in this room.

Every quarter, SBR lands on the desks of the founders, CFOs, and directors running Asia's most consequential companies. Every day, they open our newsletter and read our website. It's a room that took twenty years to build — and it's the one most of our partners are trying to get into.

The good news is that the door is open. We work with companies on thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. The shape of the right partnership depends on what you're trying to do, which is why we'd rather start with a conversation than send a rate card.

If you have something this room should know about, tell us. We'll tell you honestly whether we can help, and how.

No rate cards until we understand the brief. It's a better use of everyone's time.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia