[UMC] Board of Directors Resolution to Issue First Domestic Unsecured Convertible Corporate Bond
Key facts
- [UMC] Board of Directors Resolution to Issue First Domestic Unsecured Convertible Corporate Bond
- UMC has approved the issuance of up to NT$12 billion in domestic unsecured convertible bonds to fund equipment purchases. The bonds have a 5-year term and a provisional 0% coupon rate.
- Source: PR Times
- Date: June 3, 2026
Direct answer
UMC has approved the issuance of up to NT$12 billion in domestic unsecured convertible bonds to fund equipment purchases. The bonds have a 5-year term and a provisional 0% coupon rate.
- Citation
- [UMC] Board of Directors Resolution to Issue First Domestic Unsecured Convertible Corporate Bond (June 3, 2026), PR Times
- Source
- PR Times
- Date
- June 3, 2026
UMC has approved the issuance of up to NT$12 billion in domestic unsecured convertible bonds to fund equipment purchases. The bonds have a 5-year term and a provisional 0% coupon rate.
📋 Article Processing Timeline
- 📰 Published: June 3, 2026 at 09:00
- 🔍 Collected: June 4, 2026 at 12:00 (27h 0m after Published)
- 🤖 AI Analyzed: June 7, 2026 at 06:35 (66h 35m after Collected)
1. Date of Board Resolution: 2026/06/03
2. Name: United Microelectronics Corp. (UMC) 1st Domestic Unsecured Convertible Bond
3. Shelf Registration: No
4. Total Issuance Amount: Up to NT$12 billion
5. Par Value: Tentatively NT$100,000 per bond
6. Issuance Price: Not less than 101% of par value
7. Term: Tentatively 5 years
8. Coupon Rate: Tentatively 0%
9. Collateral: N/A
10. Purpose: Purchase of machinery and equipment
11. Underwriting Method: Book-building process
12. Bond Trustee: To be determined
13. Underwriting Institution: HungYuan Securities
14. Guarantor: N/A
15. Principal & Interest Agent: To be determined
16. Auditor: N/A
17-21. Conversion terms: Will be announced separately upon approval by regulatory authorities.
22. Reasonableness of fund-raising post capital reduction: N/A
23. Other: Bonds will be issued via book-entry system. Authority is granted to the Chairman to finalize issuance details and application to the Taipei Exchange.
2. Name: United Microelectronics Corp. (UMC) 1st Domestic Unsecured Convertible Bond
3. Shelf Registration: No
4. Total Issuance Amount: Up to NT$12 billion
5. Par Value: Tentatively NT$100,000 per bond
6. Issuance Price: Not less than 101% of par value
7. Term: Tentatively 5 years
8. Coupon Rate: Tentatively 0%
9. Collateral: N/A
10. Purpose: Purchase of machinery and equipment
11. Underwriting Method: Book-building process
12. Bond Trustee: To be determined
13. Underwriting Institution: HungYuan Securities
14. Guarantor: N/A
15. Principal & Interest Agent: To be determined
16. Auditor: N/A
17-21. Conversion terms: Will be announced separately upon approval by regulatory authorities.
22. Reasonableness of fund-raising post capital reduction: N/A
23. Other: Bonds will be issued via book-entry system. Authority is granted to the Chairman to finalize issuance details and application to the Taipei Exchange.
FAQ
Why is UMC issuing convertible bonds?
To secure funds for purchasing machinery and equipment.
What are the issuance terms?
5-year term, 0% interest rate, 100k NTD par value, issued at >=101%.
What is the market impact?
Reflects capacity expansion plans while highlighting potential equity dilution.