Tag: dram

Equities

Creditors sell part of Hynix stake at 0% discount

Eight sellers, led by Korea Exchange Bank, raise $817 million from the sale of a 6.7% stake in Hynix Semiconductor after failing to exit the Korean memory-chip maker through a ...

By Anette Jönsson | 16 March 2010

Equities

ProMOS tender succeeds after criteria amended

The Taiwan memory-chip maker says 80.34% of the CBs were tendered or will be held to maturity, allowing it to move on to the next phase of its restructuring.

By Anette Jönsson | 31 March 2009

Equities

ProMOS tender nearly there; deadline extended again

Soft indications of support for the bond buyback suggest the acceptance rate will be above the 79% needed for the deal to succeed, but analysts warn of more troubles ahead.

By Anette Jönsson | 24 March 2009

Equities

ProMOS extends early deadline on CB buyback

The cash-strapped DRAM maker says more than 50% of its CB holders have indicated support for the offer, but some need more time to complete the tender process.

By Anette Jönsson | 4 March 2009

Equities

ProMOS attempts CB buyback after failing to meet puts

The Taiwanese DRAM manufacturer secures a syndicated loan to cover a tender at 26.5 cents on the dollar, but more debt redemptions ahead suggest the company's troubles are not ...

By Anette Jönsson | 23 February 2009

Equities

Hynix surprises market with high coupon CB

The 4.5% coupon allows the memory-chip maker to achieve a premium above 40%, but the strong demand suggests investors think it is good value.

By Anette Jönsson | 11 December 2007

Equities

ProMOS issues $300 million CB for plant upgrade

The company's fifth ECM transaction since 2003 achieves aggressive pricing, partly thanks to strong liquidity.

By Anette Jönsson | 12 February 2007

Equities

ProMOS relaunches and prices postponed GDR offering

Recovery in share price allowed for quick return to market; price is fixed at 8% discount after solid demand.

By Anette Jönsson | 7 July 2006

Equities

Powerchip breaks six-week drought for Asian convertibles

The DRAM manufacturer makes use of positive sector momentum to raise $303 million in a combined GDS offering. The CB is attractively priced, with bankers terming it a "no brainer".

By Anette Jönsson | 27 June 2006

Equities

Taiwan chipmaker prices sector's second largest GDR

Inotera raises $421 million for aggressive capex plan and lifts foreign ownership of the stock in the process.

By Anette Jönsson | 11 May 2006

Debt

A new DRAM player enters the market

Inotera Memories, a joint venture between Nan Ya Tech and Infineon, mandates seven to raise plant financing.

By Peter McMillan | 30 October 2003

Equities

Taiwanese DRAM manufacturers return to GDR market

Powerchip and ProMos Technologies prepare to launch GDR offerings to fund construction of 12 inch fabs.

By Jackie Horne | 18 April 2002

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