China Hongqiao Group (HKG:1378) is reducing the conversion price of its 5.25% convertible bonds to HK$6.14 per share from HK$6.54 apiece, effective Nov. 25, a Friday bourse filing said.

The reduction comes after the aluminum producer declared an interim dividend of HK$0.59 per share for the six months ended June 30.

The bonds, comprising $300 million of 5.25% convertible bonds due in 2026, were issued in January 2021.