WIN Semiconductors cleans up with call of zero-coupon convertibles

Chicago, Jan. 23 – WIN Semiconductors Corp. is redeeming all remaining currency-linked zero-coupon convertible bonds due 2026 (ISIN: XS2275382286), according to a notice.

There were originally $500 million of the notes when issued on Jan. 14, 2021.

The bonds will be redeemed on Feb. 23 at an amount equal to the settlement equivalent of the early redemption amount on the redemption date. The exact amount will be provided on Feb. 15 based on the prevailing rate.

No bonds will remain outstanding after the redemption.

The conversion right of the bonds will expire on Feb. 15, five business days before the redemption date.

The bonds must be surrendered to trustee Bank of New York, London Branch.

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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