New York, Feb. 2 - Siliconware Precision Industries Co. Ltd. priced $200 million of zero-coupon five-year convertible bonds to yield 0% with a 15% initial conversion premium.
Siliconware said the deal was "several times" oversubscribed within an hour of the launch of the deal. It added that the offering priced at the low end of "what was already a very aggressive range."
The Taichung, Taiwan, semiconductor testing and packaging company will use proceeds to purchase equipment and raw materials.
UBS Investment Bank was bookrunner for the offering.
| Issuer: | Siliconware Precision Industries Co. Ltd.
|
| Issue: | Euro convertible bond
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| Amount: | $200 million
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| Maturity: | February 2009
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| Coupon: | 0%
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| Price: | Par
|
| Redemption price: | Par
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| Yield: | 0%
|
| Conversion premium: | 15%
|
| Put: | In year 4
|
| Bookrunner: | UBS Investment Bank
|
| Pricing date: | Jan. 30
|
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