Advanced Semiconductor plans $135 million convertible offering, 60 million ADS

By Ronda Fears

Nashville, Dec. 15 - Taiwanese semiconductor testing firm Advanced Semiconductor Engineering Inc. plans to sell $135 million of five-year convertible notes, according to a filing with the Securities and Exchange Commission.

Goldman Sachs International is lead manager of the deal.

A $15 million greenshoe is available.

Also, Advanced Semiconductor said it plans to sell 60 million American Depositary Shares, which will each represent five ordinary shares with a par value of NT$10 each.

Timing for the offerings was not expressed other than as soon as the registration statement filed at the SEC becomes effective.

Advanced Semiconductor ADS close in the United States on Monday up 9 cents, or 1.98%, to $4.64.

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