Amkor expected to bring $200-$300 million 10-year notes during May 8 week

By Paul A. Harris

St. Louis, May 5 - Amkor Technology, Inc. is expected to bring a $200 million to $300 million offering of 10-year notes to the market during the week of May 8, according to a buyside source who spoke Friday on background.

Citigroup, which is serving as dealer manager for Amkor's tender offer for up to $200 million of its 9¼% senior notes due 2008, is expected to be involved in the sale of the new notes, the source added.

The pro forma yield on the new notes is 8¾% to 9%, the source said.

The notes are expected to come with five years of call protection.

The proceeds, in part, would be used to fund the tender.

Amkor is a Chandler, Ariz., provider of semiconductor packaging and test services.

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