Siliconware calls $5.25 million 0% bonds of 2019; holders may convert

By Susanna Moon

Chicago, May 29 – Siliconware Precision Industries Co., Ltd. notified holders that it exercised the call option under its $5.25 million outstanding $400 million zero-coupon convertible bonds due 2019.

The convertibles will be redeemed on June 28 at a redemption price of $259,255.63 per $250,000 principal amount, according to the company notice.

The bonds also are convertible at a price of NT$44.1443 per share until June 19.

The company’s stock (Nasdaq: SPIL) last closed at $8.59 on April 17.

Citibank NA, London Branch is the paying agent.

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

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