United Microelectronics updates buybacks of Novatek exchangeables

By Mary-Katherine Stinson

Lexington, Ky., Jan. 4 – United Microelectronics Corp. updated the total of its repurchased currency-linked zero-coupon exchangeable bonds due 2026 (ISIN: XS2358241243), according to a notice.

According to the notice, in the fourth quarter of 2022 the company repurchased and canceled a total of $20.6 million of the bonds.

United Microelectronics originally issued $400 million of the bonds, which are exchangeable into common shares of Novatek Microelectronics Corp.

Based in Taipei, Taiwan, United Microelectronics is a semiconductor foundry offering services for the manufacture of integrated circuits.

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