WT Microelectronics (3036) Approves Issuance of Second Overseas Unsecured Convertible Bond
WT Microelectronics (3036) board has approved the issuance of its second overseas unsecured convertible bond, with a ceiling of $500 million USD, to fund foreign currency raw material purchases.
📋 Article Processing Timeline
- 📰 Published: May 23, 2026 at 06:31
- 🔍 Collected: May 23, 2026 at 06:31 (0 min after Published)
- 🤖 AI Analyzed: May 25, 2026 at 07:41 (49h 10m after Collected)
Reporting Date: May 23, 2026
Announcement Date: May 22, 2026
Announcement Time: 18:14:09
Company Code: 3036
Company Name: WT Microelectronics
Subject: Board resolution to issue the second overseas unsecured convertible bond
Compliance Clause: Clause 11
Date of Event: May 22, 2026
Explanation:
1. Date of Board Resolution: May 22, 2026
2. Name: WT Microelectronics Corporation Second Overseas Unsecured Convertible Bond
3. Whether Shelf Registration is Adopted: No
4. Total Issuance Amount: Up to 500 million USD (including over-allotment option). The bond will be converted into NTD at a fixed exchange rate for repayment and redemption.
5. Face Value per Bond: Tentatively 200,000 USD or multiples thereof.
6. Issue Price: Tentatively 100% of the face value.
7. Maturity: Fixed term not exceeding 2 years from the date of issuance.
8. Interest Rate: Coupon rate tentatively set at 0% per annum.
9. Collateral: Not applicable.
10. Purpose of Funds: To fulfill capital requirements for foreign currency raw material purchases.
11. Underwriting Method: The bond will be issued outside the Republic of China and offered publicly in accordance with the laws of the target countries and international market standards.
12. Trustee: Citicorp International Limited
13. 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 Terms: Authorized to the Chairman and/or their designated person.
18. Put Options: Authorized to the Chairman and/or their designated person.
19. Call Options: Authorized to the Chairman and/or their designated person.
20. Conversion Basis Date: Authorized to the Chairman and/or their designated person.
21. Dilution Impact: Depends on the conversion premium at the time of actual issuance.
22. Other: Matters such as total amount, conversion price, usage plan, and scheduling are subject to authorization by the Chairman or designated persons in case of regulatory or market changes.
Announcement Date: May 22, 2026
Announcement Time: 18:14:09
Company Code: 3036
Company Name: WT Microelectronics
Subject: Board resolution to issue the second overseas unsecured convertible bond
Compliance Clause: Clause 11
Date of Event: May 22, 2026
Explanation:
1. Date of Board Resolution: May 22, 2026
2. Name: WT Microelectronics Corporation Second Overseas Unsecured Convertible Bond
3. Whether Shelf Registration is Adopted: No
4. Total Issuance Amount: Up to 500 million USD (including over-allotment option). The bond will be converted into NTD at a fixed exchange rate for repayment and redemption.
5. Face Value per Bond: Tentatively 200,000 USD or multiples thereof.
6. Issue Price: Tentatively 100% of the face value.
7. Maturity: Fixed term not exceeding 2 years from the date of issuance.
8. Interest Rate: Coupon rate tentatively set at 0% per annum.
9. Collateral: Not applicable.
10. Purpose of Funds: To fulfill capital requirements for foreign currency raw material purchases.
11. Underwriting Method: The bond will be issued outside the Republic of China and offered publicly in accordance with the laws of the target countries and international market standards.
12. Trustee: Citicorp International Limited
13. 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 Terms: Authorized to the Chairman and/or their designated person.
18. Put Options: Authorized to the Chairman and/or their designated person.
19. Call Options: Authorized to the Chairman and/or their designated person.
20. Conversion Basis Date: Authorized to the Chairman and/or their designated person.
21. Dilution Impact: Depends on the conversion premium at the time of actual issuance.
22. Other: Matters such as total amount, conversion price, usage plan, and scheduling are subject to authorization by the Chairman or designated persons in case of regulatory or market changes.
FAQ
What kind of bond is WT Microelectronics issuing?
It is the second unsecured convertible bond issuance for overseas offering, aiming to secure foreign currency funds for raw material procurement.
What is the primary purpose of this issuance?
The purpose is to fund foreign currency-denominated raw material purchases, thereby stabilizing the company's supply chain operations.
Who are the lead underwriters?
Citigroup Global Markets Limited for international operations and Yuanta Securities for domestic operations.