Nomura helps price GlobalWafers' 'unique' exchangeable units issuance

The deal involved the chipmaker's German subsidiary and was the first ever public exchangeable issuance out of a Taiwan group issuer into a non-Taiwanese listed underlying.

Taiwanese chipmaker GlobalWafers’ wholly-owned German subsidiary, GlobalWafers GmbH, priced €345.2 million ($375.7 million) exchangeable units for Munich-headquartered Siltronic's shares held by GlobalWafers on January 16, 2024, with the deal closing on January 23. Nomura acted as the sole global coordinator and the sole bookrunner for the offering.

¬ Haymarket Media Limited. All rights reserved.

Sign in to read on!

Registered users get 2 free articles in 30 days.

Subscribers have full unlimited access to FinanceAsia.

Not signed up? New users get 2 free articles per month, plus a 7-day unlimited free trial.

Questions?
See here for more information on licences and prices, or contact [email protected].

Share our publication on social media
Share our publication on social media