Loan & DebtOct 5, 2026, 09:36 AM
UMC Prices US$1.8B 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. Conversion prices are set at NT$202.06 for Tranche A and NT$179.19 for Tranche B, based on UMC's closing share price on October 5, 2026. The company also specified a fixed exchange rate of US$1.00 to NT$31.753 for certain calculations.
Key Highlights
- United Microelectronics Corporation announces pricing for its 7th Unsecured Overseas Convertible Bonds.
- Total issue amount is US$1.8 billion, split into US$900 million Tranche A and US$900 million Tranche B.
- Tranche A Bonds have a maturity date of October 13, 2031, with a yield of -0.25% per annum.
- Tranche B Bonds have a maturity date of 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 fixed exchange rate is US$1.00 = NT$31.753.
Price Impact
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