United Microelectronics lowers exchange price on bonds due 2026

By Mary-Katherine Stinson

Lexington, Ky., July 12 – United Microelectronics Corp. again reduced the exchange price of its $400 million currency-linked zero-coupon exchangeable bonds due 2026 (ISIN: XS2358241243), according to a notice Tuesday.

The exchange price will be adjusted to NT$583.30 per share from NT$709.20 per share, effective July 19.

The adjustment was due to a cash dividend of NT$51.50 per share, approved by Novatek Microelectronics Corp., Ltd. shareholders on June 8.

The bonds are exchangeable into common shares of Novatek.

The closed period for the bonds began June 23 and will end on July 18.

Based in Taipei, Taiwan, United Microelectronics is a semiconductor foundry offering services for the manufacture of integrated circuits.

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