Siliconware lowers conversion price on convertible bonds due 2019

By Marisa Wong

Morgantown, W.Va., Aug. 8 – Siliconware Precision Industries Ltd. announced an adjustment to the conversion price of its $400 million zero-coupon convertible bonds due 2019.

The conversion price was lowered to NT$44.1443 per common share and $7.2625 per American Depositary Share from NT$45.7579 per share and $7.5280 per ADS, respectively.

The new conversion price is effective Aug. 9.

The adjustment is due to a cash dividend approved by shareholders on June 28 and payable to shareholders of record on Aug. 8.

Taichung, Taiwan-based Siliconware is a semiconductor packaging and testing services company.

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