By Laura Lutz
Des Moines, Sept. 21 - Infineon Technologies Investments BV priced a €190 million offering of three-year bonds exchangeable for 18.1 million American Depositary Shares of Qimonda AG, according to a 6-K filing with the Securities and Exchange Commission.
The bond bears interest at 1.375% per year.
The bonds are exchangeable at $14.74 for each Qimonda ADS, an exchange premium of about 35%.
Citigroup, Credit Suisse and JPMorgan are joint bookrunners of the Regulation S transaction.
There is a greenshoe for €25 million.
Infineon Technologies Investments is a subsidiary of Infineon Technologies AG, a Munich-based semiconductor producer.
In the same 6-K filing, Infineon Technologies AG priced 25 million ADSs of Qimonda, along with a 3.75 million ADS over-allotment option, as part of an effort to divest itself of part of its ownership stake in Qimonda, a Munich-based maker of semiconductor memory components. If the full over-allotment option is exercised, Infineon's stake in Qimonda will shrink to 77.5%.
Qimonda is a Munich-based maker of semiconductor memory components.
| Issuer: | Infineon Technologies Investments BV
|
| Issue: | Bonds exchangeable for American Depositary Shares of Qimonda AG
|
| Amount: | €190 million
|
| Greenshoe: | For €25 million
|
| Coupon: | 1.375%
|
| Price: | Par
|
| Yield: | 1.375%
|
| Conversion premium: | 35%
|
| Conversion price: | $14.74
|
| Bookrunners: | Citigroup, Credit Suisse, JPMorgan
|
| Pricing date: | Sept. 21
|
| Distribution: | Regulation S
|
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