ChipPAC calls remaining 12¾% notes

New York, Nov. 11 - Stats ChipPAC Ltd. said its ChipPac International Co. Ltd. subsidiary will redeem the remaining $62.5 million principal amount of its 12¾% senior subordinated notes due 2009 on Dec. 9.

The company will pay $1,063.75 per $1,000 principal amount plus accrued interest to the redemption date.

Previously Stats ChipPAC tendered for the 12¾% notes.

Stats ChipPAC, which has corporate headquarters in Singapore and Fremont, Calif., provides semiconductor packaging design, assembly, testing and distribution services.

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