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Deutsche Wohnen adjusts conversion price, ratio for €800M bonds due 2024

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Deutsche Wohnen adjusts conversion price, ratio for €800M bonds due 2024

Deutsche Wohnen AG adjusted the conversion price and the conversion ratio for its €800 million bond due July 26, 2024.

The adjustment was a result of the 74 euro cents cash dividend per share, in accordance with the bonds' terms and conditions.

The conversion price was adjusted to €48.2967 from €48.5775, while the conversion ratio was changed to 2,070.53484 shares per bond from 2,058.56621 shares per bond, effective June 5. The reference dividend remains the same at 54 cents.