[MiTAC] Announcement on the Pricing of the Company's First Overseas Unsecured Convertible Bonds
Key facts
- [MiTAC] Announcement on the Pricing of the Company's First Overseas Unsecured Convertible Bonds
- MiTAC Holdings announced on May 26 the pricing of its first overseas unsecured convertible bonds (ECB). The total issuance is $330 million USD with a 0% coupon rate. Scheduled for issuance on June 1, the conversion price is set at 97.01 TWD per share. Proceeds will be used for subsidiary investments.
- Source: PR Times
- Date: May 26, 2026
Direct answer
MiTAC Holdings announced on May 26 the pricing of its first overseas unsecured convertible bonds (ECB). The total issuance is $330 million USD with a 0% coupon rate. Scheduled for issuance on June 1, the conversion price is set at 97.01 TWD per share. Proceeds will be used for subsidiary investments.
- Citation
- [MiTAC] Announcement on the Pricing of the Company's First Overseas Unsecured Convertible Bonds (May 26, 2026), PR Times
- Source
- PR Times
- Date
- May 26, 2026
MiTAC Holdings announced on May 26 the pricing of its first overseas unsecured convertible bonds (ECB). The total issuance is $330 million USD with a 0% coupon rate. Scheduled for issuance on June 1, the conversion price is set at 97.01 TWD per share. Proceeds will be used for subsidiary investments.
📋 Article Processing Timeline
- 📰 Published: May 26, 2026 at 09:00
- 🔍 Collected: May 28, 2026 at 08:00 (47h 0m after Published)
- 🤖 AI Analyzed: May 31, 2026 at 19:09 (83h 9m after Collected)
2. Company name: MiTAC Holdings Corp.
3. Relationship to the company: The Company
4. Mutual shareholding ratio: N/A
5. Reason for occurrence: Completion of pricing for the first overseas unsecured convertible bonds.
6. Response measures: Public announcement in accordance with regulations.
7. Other matters: This event constitutes a material impact on shareholder equity or securities prices.
I. Total issuance: $330,000,000 USD. Face value: $200,000 USD per bond. Issue price: 100% of face value. Expected issue date: June 1, 2026.
II. Interest rate: 0% per annum.
III. Redemption: At maturity (June 1, 2031), bonds will be redeemed at face value plus a 2.5% yield. Fixed exchange rate: 1 USD = 31.437 TWD.
IV. Conversion: Convertible into common shares. Conversion price: 97.01 TWD per share (11% premium over May 26 closing price).
V. Listing: Singapore Exchange (SGX).
VI. Use of proceeds: Investment in subsidiaries.
VII. Impact on shareholders: Potential dilution of approximately 8.06% if fully converted.
FAQ
What is the impact of MiTAC's ECB issuance on its stock price?
While convertible bonds can imply future dilution, the 8.06% dilution rate is considered manageable.
What are the key facts in this article?
MiTAC Holdings announced on May 26 the pricing of its first overseas unsecured convertible bonds (ECB). The total issuance is $330 million USD with a 0% coupon rate. Scheduled for issuance on June 1, the conversion price is set at 97.01 TWD per share. Proceeds will be used for subsidiary investments.
What is the direct answer?
MiTAC Holdings announced on May 26 the pricing of its first overseas unsecured convertible bonds (ECB). The total issuance is $330 million USD with a 0% coupon rate. Scheduled for issuance on June 1, the conversion price is set at 97.01 TWD per share. Proceeds will be used for subsidiary investments.