Advanced Semiconductor plans up to NT$15 billion overseas convertibles

By Marisa Wong

Madison, Wis., April 8 - Advanced Semiconductor Engineering, Inc. said its board of directors has decided to issue up to NT$15 billion of overseas convertible bonds in a foreign currency.

The issue price will be at least 80% of par, and the coupon will be between 0% and 5%.

Proceeds will be used for capital expenditure, growing operating capital, repaying debt and investments.

The company provides semiconductor packaging and test services and is based in Kaoshiung, Taiwan.

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