Silergy trims conversion price on zero-coupon convertibles due 2021

By Marisa Wong

Morgantown, W.Va., July 5 – Silergy Corp. said it adjusted the conversion price of its $125 million global zero-coupon convertible bonds due 2021.

The conversion price will be lowered to NT$416.26 from NT$420.00.

The adjustment is due to distribution of a cash dividend.

The new conversion price will take effect July 10, the record date.

Silergy designs, manufactures and sells analog integrated circuits. The company is based in New Taipei City, Taiwan.

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