Winbond Issued Five-Year Euro-Convertible Bond

(Taipei News) Winbond Electronics Corporation today (5/11) announced the successful completion of the five-year euro-convertible bond. Winbond's euro-convertible bond offering was well received by the institutional investors and the greenshoe option was exercised to upsize the bond issuance from originally planned USD 100 million to USD120 million.

The zero coupon bond, due in 2011, has a conversion premium of 25% and bond-holders have an option to redeem the bond at the second anniversary. The bond is listed on the Singapore Exchange Securities Trading Limited. 

The proceeds are expected to be used for repayment of medium term loan and overseas raw material procurement. The refinancing of loans is expected to bring substantial savings in interest expenses. Besides, Winbond's new 12-inch Fab in Taichung commenced volume production in the second quarter and is expected to elevate Winbond's operating performance to a new level. 


    Wilson Wen
    Vice President of Administrative Center
News Liaison
    Mike Liu
    Deputy Director

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