By: Jalen Chung and Frances Huang
Taipei, June 26 (CNA) Taiwan-based Advanced Semiconductor Engineering Inc. (ASE,日月光), the world’s largest integrated circuit packaging and testing services provider, announced late Thursday that it has prices its latest tranche of overseas convertible bonds at a 27 percent premium over the closing share price on the same day.
After the high premium in pricing news was released, shares of ASE outperformed the broader market Friday, to end up 0.81 percent at NT$43.30 (US$1.40) on the Taiwan Stock Exchange, where the weighted index closed down 0.14 percent.
The 2.75-year bonds worth US$200 million carrying a zero coupon rate were well received in the market and were six times oversubscribed so that ASE priced the tranche of the bonds at NT$54.55 in conversion price, which represented a 27 percent premium over Thursday’s closing price of NT$42.95. [FULL STORY]