By Marisa Wong
Madison, Wis., Jan. 31 - Pegatron Corp. said it priced $300 million of zero-coupon euro convertible bonds at par with a 12% initial conversion premium on Jan. 30.
Upon their maturity on Feb. 6, 2017, Pegatron will redeem the bonds at par plus a yield to maturity of 1.5% per year, calculated semiannually.
The bonds are convertible at a price of NT$42.11 per share at any time beginning 41 days after the issue date until 10 days prior to maturity. Pegatron's closing share price on the pricing date was NT$37.60.
The bonds are putable and callable under certain conditions.
Proceeds will be used for procuring raw materials overseas.
The bonds will settle Feb. 6.
Pegatron is a Taipei, Taiwan-based developer of computing, communications and consumer electronics, as well as computer peripherals.
| Issuer: | Pegatron Corp.
|
| Issue: | Euro convertible bonds
|
| Amount: | $300 million
|
| Maturity: | Feb. 6, 2017
|
| Coupon: | 0%
|
| Price: | Par
|
| Yield: | 0%
|
| Yield to maturity: | 1.5% per year, calculated semiannually
|
| Conversion price: | NT$42.11 per share
|
| Initial conversion premium: | 12%
|
| Call option: | Under certain conditions
|
| Put option: | Under certain conditions
|
| Pricing date: | Jan. 30
|
| Settlement date: | Feb. 6
|
| Stock symbol: | Taiwan: 4938
|
| Stock price: | NT$37.60 at close Jan. 30
|
| Market capitalization: | NT$80.78 billion ($2.85 billion)
|
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