UMC plans up to US$ 1.8 billion overseas convertible bond offering
UMC•Overseas convertible bond offering planned
UMC said its board authorized up to US$1.8 billion of 7th Unsecured Overseas Convertible Bonds.
- The offering is planned outside Taiwan.
- The issuance may be split into tranche A, tranche B, or a mix, within the US$1.8 billion cap.
- Tenor is set at up to five years.
- Coupon is tentatively 0%.
- Issue price is set at 100% of face value.
- Proceeds are earmarked for machinery, equipment and facility purchases.
- The deal is subject to Taiwan regulator approval.
