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United Microelectronics buys $16.9 million of Novatek exchangeable bonds
By Mary-Katherine Stinson
Lexington, Ky., Oct. 3 – United Microelectronics Corp. repurchased $16.9 million more of its currency-linked zero-coupon exchangeable bonds due 2026 (ISIN: XS2358241243) in open-market transactions between Sept. 6 and Sept. 23, according to a notice.
The company has canceled those repurchased bonds.
United Microelectronics originally issued $400 million of the bonds, which are exchangeable into common shares of Novatek Microelectronics Corp.
Based in Taipei, Taiwan, United Microelectronics is a semiconductor foundry offering services for the manufacture of integrated circuits.
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