Loan & DebtOct 5, 2026, 09:51 AM
UMC Prices $1.8B in Overseas Convertible Bonds
AI Summary
United Microelectronics Corporation (UMC) has announced the pricing for its 7th Unsecured Overseas Convertible Bonds, totaling US$1.8 billion. The issuance is divided into two tranches: Tranche A for US$900 million maturing in 2031 with a -0.25% yield, and Tranche B for US$900 million maturing in 2028 with a -1.35% yield. The bonds carry a 0% coupon rate and are convertible into UMC's common shares, with initial conversion prices set at NT$202.06 for Tranche A and NT$179.19 for Tranche B.
Key Highlights
- United Microelectronics Corporation announced pricing for its 7th Unsecured Overseas Convertible Bonds.
- The total issue amount is US$1.8 billion, split into US$900 million Tranche A and US$900 million Tranche B.
- Tranche A Bonds mature on October 13, 2031, with a yield of -0.25% per annum.
- Tranche B Bonds mature on April 13, 2028, with a yield of -1.35% per annum.
- The initial conversion price for Tranche A Bonds is NT$202.06 per share.
- The initial conversion price for Tranche B Bonds is NT$179.19 per share.
- The bonds are unsecured and carry a coupon rate of 0% per annum.
Price Impact
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