United Microelectronics buys back $21 million convertibles due 2016

By Marisa Wong

Madison, Wis., Oct. 5 - United Microelectronics Corp. said that it repurchased and cancelled another $21 million of its $500 million of zero-coupon convertible bonds due 2016.

The company previously announced that it repurchased and canceled $9 million of the convertible bonds in the period from Sept. 9 to Sept. 21. The company has thus repurchased a total of $30 million of the convertibles in the third quarter.

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

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