WIN Semiconductors lowers conversion price on 0% convertibles

By Wendy Van Sickle

Columbus, Ohio, July 7 – WIN Semiconductors Corp. lowered the conversion price of its $500 million currency-linked zero-coupon convertible bonds due 2026 (ISIN: XS2275382286), according to a notice.

The conversion price is now NT$457.13, down from NT$464.04 as the result of a cash dividend of NT$2.50 per common share with the ex-dividend record date and cash dividend payable date of July 10 and July 28, respectively.

Bank of New York Mellon, London Branch is the trustee.

Taoyuan City, Taiwan-based WIN Semiconductors is a professional foundry services company for the production of gallium arsenide microwave integrated circuits.

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