Why is Rambus Inc. issuing unsecured convertible bonds?

To raise funds for cash investment in its subsidiaries, Rambus Semiconductor Manufacturing Co., Ltd. and Silitek Precision Industry Co., Ltd.

What are the issuance period and interest rate?

The period is 5 years, and the interest rate is 0%.

Where will the bonds be issued?

Overseas, specifically in regions outside the Republic of China.

How is the issuance price determined?

The bonds will be issued at 100% of the face value.

Rambus Inc. to Issue Unsecured Convertible Bonds Overseas

Published Jun 25, 2026 9:00 AM ・ Updated Jun 27, 2026 2:55 PM ・ 3 min read ・ Source: PR Times

Rambus Inc. has decided to issue unsecured convertible bonds overseas. The total issuance amount is up to 10 billion USD, with a period of 5 years and an interest rate of 0%. The funds will be used for cash investment in subsidiaries.

1. Board Resolution Date: June 25, 2024 2. Name: Rambus Inc. 2024 Overseas First Unsecured Convertible Bonds 3. Consolidated Reporting: Not applicable 4. Total Issuance Amount: Up to 10 billion USD 5. Par Value: 200,000 USD, or a multiple of 100,000 USD if exceeding 200,000 USD 6. Issuance Price: 100% of par value 7. Issuance Period: 5 years 8. Interest Rate: 0% 9. Collateral: Not applicable 10. Purpose of Funds: Cash investment in subsidiaries 11. Underwriting Method: Issued overseas, following international market practices 12. Trustee: Citicorp International Limited 13. Lead Underwriters: DBS Bank Ltd., Goldman Sachs International, The Hongkong and Shanghai Banking Corporation Limited 14. Issuance Guarantor: Not applicable 15. Agent: Citibank, N.A., London Branch 16. Certification Body: Not applicable 17. Conversion Conditions: Determined based on market conditions 18. Sell-back Conditions: Determined based on market conditions 19. Buy-back Conditions: Determined based on market conditions 20. Conversion Date: Determined based on market conditions 21. Dilution of Shareholder Rights: Determined based on the conversion premium 22. Fundraising After Cash Reduction: Not applicable 23. Others: Issuance conditions will be determined based on market conditions

FACT BOX

Source: PR Times
Category: Funding

Rambus Inc. to Issue Unsecured Convertible Bonds Overseas

⚡ Key Points

FACT BOX

Editorial & Verification Standards

FAQ

Cite this article — HOW TO CITE

AI CRAWLER ACTIVITY