Nanya Technology to sell $500 million overseas convertible bonds

By Marisa Wong

Morgantown, W.Va., Nov. 9 – Nanya Technology Corp. plans to offer up to $500 million of overseas convertible bonds, according to a Taiwan Stock Exchange announcement.

The bonds are expected to have a maturity of five years and carry a coupon of 0%. The bonds will be sold at par.

The company said it will use proceeds for 20-nm process technology conversion.

Nanya manufactures and sells dynamic random access memory (DRAM) products. The company is based in Taoyuan City, Taiwan.

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