21. Bondholders will be able to convert the bond into shares at a conversion price of 380 francs. 22. "There will be no adjustment " to the conversion price , Tom Lau, the company's Executive Director said. 23. The bonds can be converted to common shares at a specified price, known as the conversion price . 24. The conversion price is 18 percent above the stock's closing price yesterday of 24 3 / 4. 25. The conversion price on that issue would be reduced to $ 5 . 50 under this plan. 26. The shares were trading this afternoon at 9 7 / 8, 1 / 8 below their conversion price . 27. The bond conversion price was set at 9.12 pesos per L share, leaving bondholders with a hefty loss. 28. The shares are exchangeable for common stock at a conversion price of $ 7 . 90 a share. 29. The bank next week will likely decide the coupon rate and conversion price of the five-year yen-denominated bonds. 30. The floating below-market conversion price is the beauty of the deal for buyers who believe in the company.
