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United Microelectronics lowers exchange price on bonds due 2026
By William Gullotti
Buffalo, N.Y., Aug. 17 – United Microelectronics Corp. reduced the exchange price of its $400 million currency-linked zero-coupon exchangeable bonds due 2026, according to a notice Tuesday.
The exchange price will be adjusted to NT$709.20 per share from NT$731.25 per share, effective Aug. 24.
The adjustment was due to a cash dividend of NT$15.60 per share, approved by Novatek Microelectronics Corp. shareholders on July 20 and paid Aug. 2.
The bonds are exchangeable into common shares of Novatek.
Based in Taipei, Taiwan, United Microelectronics is a semiconductor foundry offering services for the manufacture of integrated circuits.
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