Incumbent Portugal Telecom (PT) has adjusted the exchange price and threshold of its E750m 4.125% notes due 2014.
As of 31 May, the exchange price of these bonds is E9.40 with a threshold amount of E0.4659, according to a PT statement.
“Thus, each holder…
Incumbent Portugal Telecom (PT) has adjusted the exchange price and threshold of its E750m 4.125% notes due 2014.
As of 31 May, the exchange price of these bonds is E9.40 with a threshold amount of E0.4659, according to a PT statement.
“Thus, each holder of a bond in a principal amount of E50,000 will be entitled to receive 5,319 shares of PT upon exercise of exchange rights, under the terms and conditions of the bonds,” the company explained.