[WT Micro] Board of Directors Approves Issuance of Second Overseas Unsecured Convertible Bonds
WT Microelectronics' board has approved the issuance of up to $500 million in second overseas unsecured convertible bonds. The proceeds will be used for foreign currency procurement payments. The bonds will have a maturity of up to 2 years and a 0% coupon rate, with Citigroup and Yuanta Securities serving as lead managers.
📋 Article Processing Timeline
- 📰 Published: May 22, 2026 at 09:00
- 🔍 Collected: May 23, 2026 at 08:00 (23h 0m after Published)
- 🤖 AI Analyzed: May 23, 2026 at 09:32 (1h 32m after Collected)
1. Date of Board Resolution: 2026/05/22
2. Name: WT Microelectronics Co., Ltd. Second Overseas Unsecured Convertible Bonds
3. Whether Shelf Registration is Used: No
4. Total Issuance Amount: Provisionally capped at 500 million USD (including over-allotment). The bonds will be converted at a fixed rate for repayment/redemption.
5. Par Value per Note: Provisionally 200,000 USD or multiples thereof.
6. Issuance Price: Provisionally 100% of par value.
7. Term: Provisionally up to 2 years from the date of issuance.
8. Coupon Rate: Provisionally 0%.
9. Guarantees: Not applicable.
10. Purpose of Proceeds: To cover foreign currency procurement fund requirements.
11. Distribution Method: To be issued outside the Republic of China, in accordance with local laws and international market practices.
12. Trustee: Citicorp International Limited
13. Lead Underwriters: International Lead Manager: Citigroup Global Markets Limited; Domestic Lead Manager: Yuanta Securities Co., Ltd.
14. Guarantor: Not applicable.
15. Paying Agent: Citibank, N.A., London Branch
16. Certification Institution: Not applicable.
17. Conversion/Buyback/Put conditions: Authorized to the Chairman and/or their designees.
18. Dilution: Subject to the conversion premium at the time of actual issuance.
19. Other Details: Authority to handle all aspects of the issuance and adjustments has been delegated to the Chairman.
2. Name: WT Microelectronics Co., Ltd. Second Overseas Unsecured Convertible Bonds
3. Whether Shelf Registration is Used: No
4. Total Issuance Amount: Provisionally capped at 500 million USD (including over-allotment). The bonds will be converted at a fixed rate for repayment/redemption.
5. Par Value per Note: Provisionally 200,000 USD or multiples thereof.
6. Issuance Price: Provisionally 100% of par value.
7. Term: Provisionally up to 2 years from the date of issuance.
8. Coupon Rate: Provisionally 0%.
9. Guarantees: Not applicable.
10. Purpose of Proceeds: To cover foreign currency procurement fund requirements.
11. Distribution Method: To be issued outside the Republic of China, in accordance with local laws and international market practices.
12. Trustee: Citicorp International Limited
13. Lead Underwriters: International Lead Manager: Citigroup Global Markets Limited; Domestic Lead Manager: Yuanta Securities Co., Ltd.
14. Guarantor: Not applicable.
15. Paying Agent: Citibank, N.A., London Branch
16. Certification Institution: Not applicable.
17. Conversion/Buyback/Put conditions: Authorized to the Chairman and/or their designees.
18. Dilution: Subject to the conversion premium at the time of actual issuance.
19. Other Details: Authority to handle all aspects of the issuance and adjustments has been delegated to the Chairman.
FAQ
Why is WT Microelectronics issuing convertible bonds?
To raise funds required for foreign currency-denominated procurement payments.
What is the expected issuance amount?
The provisional cap is set at 500 million USD.
When was this approved?
It was approved by the board of directors on May 22, 2026.