Advanced Semiconductor plans up to $220 million overseas convertibles

By Marisa Wong

Madison, Wis., May 8 – Advanced Semiconductor Engineering, Inc. plans to issue up to $220 million of overseas convertible bonds, according to a Taiwan Stock Exchange notice.

The zero-coupon bonds are expected to be issued at par with a maturity of two to 2.75 years.

DBS Bank Ltd., Standard Chartered Bank, CIMB Bank (L) Ltd., Citigroup Global Markets Ltd. and Credit Suisse (Hong Kong) Ltd. will be the lead underwriters. KGI Securities Co. Ltd. is the domestic financial adviser.

Proceeds from the public offering, which will be conducted outside Taiwan, will be used to purchase foreign currency-denominated equipment.

This will be Advanced Semiconductor Engineering’s fourth issue of zero-coupon overseas convertibles.

The company provides semiconductor packaging and test services and is based in Kaoshiung, Taiwan.

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