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Healthcare

UPDATE 1-Lonza converts 430 mln Sfr bond into shares

* Converts into Lonza shares at 91.67 Sfr each

* Shares closed at 104 Sfr on Friday

ZURICH, July 6 (Reuters) - Swiss drugs industry supplier Lonza LONN.VX has converted a four-year, 430 million Swiss franc ($397 million) convertible bond into its shares at 91.67 francs each, it said on Monday.

“The successful conversion of the bond raises the financial flexibility of Lonza and further improves the balance sheet,” Lonza said in a statement.

The group’s shares closed at 104 francs on Friday. ($1=1.083 Swiss Franc) (Reporting by Sam Cage; editing by Simon Jessop)

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