Silergy exercises call for $20.7 million of 0% convertibles due 2021

By Susanna Moon

Chicago, Sept. 17 – Silergy Corp. issued a redemption notice for its $20.7 million of outstanding $125 million global zero-coupon convertible bonds due 2021.

The notes will be redeemed on Oct. 31 at a redemption amount of $101,125.72, according to the notice.

The call option is exercisable if the company’s closing price is at least 130% of the quotient of the early redemption amount divided by the conversion ratio for 20 out of 30 consecutive trading days.

The notes are convertible until Oct. 24.

The conversion price is NT $416.26 per share.

The company’s (Taiwan: 6415) stock price closed at NT$566.00 on Sept. 14.

Silergy designs, manufactures and sells analog integrated circuits. The company is based in New Taipei City, Taiwan.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.