WIN Semiconductors trims price for $500 million 0% convertibles

By Mary-Katherine Stinson

Lexington, Ky., July 12 – WIN Semiconductors Corp. adjusted the conversion price for its $500 million currency-linked 0% convertible bonds due 2026, according to an announcement Tuesday.

The conversion price will be adjusted to NT$464.04 per share from NT$483.16 per share effective immediately at the close of business on the record date or the date provided in the indenture.

The adjustment was precipitated by the payment of a cash dividend of NT$8 per common share approved March 18 and payable on July 13 and July 29.

Bank of New York Mellon, London Branch is the trustee.

Taoyuan City, Taiwan-based WIN Semiconductors is a professional foundry services company for the production of gallium arsenide microwave integrated circuits.

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