ASAT to start roadshow Friday in Hong Kong for $125 million seven-year notes

By Paul A. Harris

St. Louis, Jan. 8 - New ASAT (Finance) Ltd. will start a roadshow Friday in Hong Kong for an offering of $125 million of senior notes due 2011 (B3/B), a market source said.

The roadshow will subsequently be presented in Singapore and in the United States. Pricing is expected late in the week of Jan. 12.

Citigroup will run the books on the Rule 144A/Regulation S offering.

The notes are expected to be issued with four years of call protection and will be guaranteed by ASAT Holdings Ltd., the parent.

The company plans to use proceeds of the offering to redeem the 12½% senior notes due 2006 and for general corporate purposes and capital expenditures.

ASAT is a semiconductor assembly, test and package design services company based in Pleasanton, Calif., and Hong Kong.

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