GlobalWafers plans up to $1 billion 0% five-year convertibles

By Marisa Wong

Los Angeles, April 21 – GlobalWafers Co., Ltd. plans to issue up to $1 billion of five-year convertible bonds, according to a notice.

The coupon is tentatively set at zero.

This will be the company’s first issue of euro convertible bonds. The bonds will be offered outside of Taiwan.

Proceeds will be used to purchase materials.

The semiconductor company is based in Hsinchu, Taiwan.

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