United Microelectronics buys back $68 million 0% convertibles of 2016

By Marisa Wong

Madison, Wis., Jan. 3 - United Microelectronics Corp. said that it repurchased and canceled $68 million of its zero-coupon convertible bonds due 2016 in open market transactions.

The buybacks occurred during the period from Dec. 2 to Dec. 18.

The original principal amount of the convertible bonds was $500 million.

Based in Taipei, Taiwan, United Microelectronics makes process integrated circuits for the semiconductor industry.

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